-- 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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Ahhh, spring has arrived warmer days and nights, birds singing, time for spring cleaning. Time to get out all the weapons
Clean and oiling needed. Fresh ammo.
Chicago spring has arrived, lock and load.
Soon the self cleaning oven will be on 24/7 for many long hot months. Worst of it is the Rev Sharpton will be nowhere to be seen unless a white cop shoots someone of color.