-- 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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Shaddayp youze chumbolones and gets back to work. Pony up youze taxes and shut yer yappers.
“The state’s leading fiscal watchdog, Wirepoints founder Mark Glennon,”—you go Mark!!
Really, go figure couldn’t of fooled me. Dumb and dumber how can you look at yourself everyday and say what a great job we’re doing in the state of Illinois. You make yourself look like total FOOLS, everyone of you are totally disgusting.
They think they’re doing a great job, but in reality, the rest of the nation is laughing at them.