-- 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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Isnt he the head guy/ architect of jbs fair tax scam?? And thats why the machines making sure hes in
Among other things. If you compile a list of everything wrong with typical IL politicians, he checks the box on everything. Total disaster. More of the same.
The U of C joint JD/MBA gives me some glimmer of hope in his presidency, but not much. U of C is a more conservative school and he is a partner at a law firm. He’s clearly better than our other state reps who author and sponsor ‘health care’ (aka infanticide) and cannabis legalization (taxation schemes) with no more than a high school diploma. Some of our state reps are so unqualified for private sector work that they would be dog groomers or debt collectors if they didn’t hold elected office. And they they legislate some of the most technical,… Read more »
Harmon was the guy behind the 2014 fair tax scam that was billed as a tax cut but was based on an expiring tax rate. He’s smart n greasy.
Also the law firm where he’s partner/employeed has been working for gov unions & pensions funds for ages as well as getting mixed up with the same guys the feds are after