-- 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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Wow, if I was 75% wrong all the time I would have got fired. I shoulda worked in government. Where’d I go wrong? Is too late for me to get help?
As usual lies were told, facts made up, bribes paid, projects fail. Welcome to the corrupt city,county, state.
Are you also referring to the road safety program RED LIGHT cameras ?
NO ONE COULD HAVE PREDICTED THIS