-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Great Idea, put the blame on the car. Let the car thief and carjacker go free.
How about we just recall the worthless Illinois Attorney General?
Just had it done. KIA recall letter, 1 hour at the dealer. 2013 with 130K I was wavering about getting the fix and thought I’d just drive into Chicago and park it in a “diverse neighborhood “. Nah, just will drive it to when the wheels fall off.
Great idea, Kwami. Blame the auto manufacturers for having the cars stolen. The thieves are not to blame I guess because they are just expressing themselves.. And like new Mayor Johnson says, they don’t have enough to do in their spare time in the hood so to fill up their downtime they just steal some cars that the dealers haven’t theft proofed enough. Shame on those auto manufacturers who try to hold down costs and build cars that are affordable for moderate income people who need reasonably priced transportation. Illinois politicians are turning into Mel Brooks comedy characters before our… Read more »