-- 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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when the Democratic Party has to have such extraordinary security in a 100% democratic city should say it all about their policies.
Yep…….they and their policies should be used as toilet paper!
Come on they don’t need security here, it’s youngins just funnin . They may start throwing lead but all they need to tell conventioneers “duck” when you hear gunshots. Cook County Hospital is nearby
And will work on your wounds, please take a number for faster service!