-- 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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Can’t wait for JB to call the entire state of Indiana white trash again. I was listening to a national news program yesterday and this story came up. This is quite the embarrassment for JB which is probably why he feels the need to call Trump supports Nazis.
Through its overuse by people such as Pritzger, MSNBC, CNN etc. “ Nazi “ has lost its punch. JB secretly relishes the fact that Greg Gutfeld has replaced Chris Christy with him as his favorite target, thus keeping him in the public eye. Very few know about Pritzger outside of IL and even fewer people know anything about his blowhard rhetoric .