-- 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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Tarmac talk? How about a ramp rap! Was Joe sniffing Lori’s hair?
Two losers!
It’s vague because there is no plan, they’re just making it up as they go along, the higher the body count the bigger the boondoggle. Biden and friends want this out of the global news. If Lori wants a rocket to Saturn, Biden will cheer it as an example of bipartisan cooperation.