-- 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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YES!!!,, what every cc dem and fake progressive dreams of, an army of six figured hipsters that aren’t fazed by $10+ prop taxes! now rahn and the gang just has to figure out how to get all those newbie lib-tards to fill up all that empty real-estate on the s & w sides and wonk out some kids to fill up all the empty schools while still pretending to care about low income folks. what’s happenen around the obama center is a good start.