-- 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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The second level will be an empty room to reflect Obama’s lack of accomplishments prior to his run for president, except for the pulpit of his favorite minister, the Reverend Wright.
Can’t wait to visit the edifice of race baiting, ignoring the Constitution, getting walked onto by foreign powers and division. It’s should be mostly educational.
Shirts. Dolls. Artifacts from the South Side that have nothing to do with Obama? And all the historic artifacts related to his legislative record in Illinois and the US Senate would fit in a shoebox. This is what a billion dollar building is being built for?