-- 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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If there were a reboot of the Bozo the Clown TV show, Hizzonor would be a great fit to star in it.
To be truthful “ Chicago where JJ shook down businesses for money and landed his sons lucrative positions. South Side where a nobody back doored his way into politics while consorting with subversives such as Bill Ayers and proceeded to divide a nation along racial lines.” should be Playa’s grand statement.