-- 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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Open note to Knucklehead Casten: This is what a real problem looks like. No. The thugs doing this neither possess the name of, the ethics of, nor do they work for Robinhood.
Also a note to noted political animal, State Sen. Robert Peters,. These thugs cannot become ‘impacted by justice’ fast enough.
Get use to it. Small chance of getting caught and if they do little happens to them.
A prime example of that is the thug that amassed about 200 catalytic converters, likely causing hundreds of thousands of dollars in damages, yet received probation along with his accomplice. Some of the converters were taken at gunpoint, btw. That’s the equitable justice system your Dem politicians are foisting upon IL.