-- 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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Too bad it’s cold out. Not conducive to getting all hotted up about something. However they could all wear their new Burberry threads. You have to look your best when acting the fool! I think he should run for public office.
Thank goodness he’s getting out. This man was maybe too aggressive at his job but was certainly innocent. A known criminal – who had just tried to kill someone – was high on multiple drugs walking in the middle of the street causing damage and was ready to attack police and disobeying orders. I’d guess police in every other country on earth would have neutralized the threat early and would have received medals for it. But not here. I’m so sick and tired of our society’s glorification of the criminal and the hatred of the police. It’s disgusting and these… Read more »
I bet if he had lived LaQuan would have found a cure for Covid