-- 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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Boondoggle sports trip. Enhancing foreign relationships for investment here? That would require fiscal discipline, lowering crime, getting CPS to improve results, and so on.
And after a minute of hearing Playa bloviating in ghettoese, the English will laugh like they haven’t since Hitler committed suicide.
Do you think he has any idea how ridiculously stupid he sounds? Seriously, Brando is the guy everyone walks away from as soon as he opens his pie hole. If forced to choose between Brando and a box of rocks, take the rocks.
Well he deserves a trip to Europe. You don’t. But you do deserve to pay for his.