-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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I get the sense from these recent articles that Kass is trying to make it clears that he knows a lot more than he is putting into his columns. Or maybe he is just describing in print the fantasies of an old man journalist. Either way, Madigan at age 77 would be completely insane to run again for office. Burke is running again showing that his arrogance has no bounds. One the one hand I hope these people all spend the rest of their years in the infirmary in federal prison, but on the other hand, the mini-mao progressives are… Read more »