-- 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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It’s perfectly understandable. Was Mr. Mayor wearing her Ezra Pound disguise?
I’ve heard her called Mayor Grady so you can understand Joe’s confusion. Actually, this is one of his more coherent statements this week. Joe is one confused individual these days.
As Miss Swan used to say:
“He look like a man”
https://www.youtube.com/watch?v=U4EH0RtVlgE
Damn spot on.
He told the truth for a change.
She wears mens’ suits, it’s an easy mistake for people to make.