-- 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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Calling these youngins a mob action and baby Capones is certainly wrong. An unruly and out of control mob and adult Capones
Would better fit the bill.
Zippy, Zippy.
Another waffle from mayor Playa and another communist in socialist garb aldercritter that sees a crackdown on large, unruly groups as a threat to the dogma of a constant state of chaos as being central to gaining control.