-- 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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And here I was just wondering where the Black Panthers have been. Welcome back guys!
All we need now is for the Nation of Islam to show up!
And Jesse Jackson! He’s been awful quiet lately. Probably just enjoying his millions.
My guess is that Pops PU$H has been keeping a low profile as his son desperately tries to slither back into IL politics to join his shady brother.