-- 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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Never get between Raoul and a camera
Really, you go Raoul is there not more and I me more to handle in the state of Illinois. You need to worry about the home front mister, much much more to deal with here. Bad bad people in SPRINGFIELD, makes me wonder about your stance for the people of Illinois
His life’s work is wasting tax payer money on lost causes that no one wants any more. Just wait until women start getting drafted and put on the front lines…
He’s using Illinois tax dollars to make himself famous and a national politician