-- 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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Like Mao, Stalin and Hitler, Homie learned that a panicked, infighting populace is easier to control with everyone nervously, constantly looking over their shoulder and wondering who’s next. Along the lines of wealth, race, race and, well, race he has completed Lightfoot ‘s/ Obama’s mission of fracturing the country to the point of it cracking and tumbling down. Chaos is the despots meat and potatoes.
Love to see a national paper point out what the local ones won’t. The Trib and Sun Times are gutless