-- 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
You’d have to think this is retribution for bringing down Burke and shining a spotlight on the corrupt assessors office and what slime aldermen are. Not that they shouldn’t be brought to task for violating labor laws but you’d have to think there’s more than two companies that did the same thing. Wonder who Mondelez pissed off.
Wow, there’s actually a Burger King open somewhere? Burger King is so bad when they close, the owners simply abandon the property. Burger King has tried almost everything except respectful service.