-- 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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Ervin must be an idiot or never held a real job. If your stuck in a nasty job and an opportunity or possibility you can transfer to the cup cake factory, WTF would you do? I experienced this in my career in one step. One moment you’re required to resolve nightmares, the next day it’s Eh, maybe I’ll look at it tomorrow; let’s go to lunch. It will be loaded with friends and friends of friends, moms, cousins and children. You could clean it out Friday afternoon and the same people will be back Monday hiding behind file cabinets.
Ervin is a banger and his wife is a machine democrat. Both are supporters of Lori and must be defeated.
This is Great! Jason Ervin, the narcotics king of Maywood lectures the Chicago Police.