-- 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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Unexpectedly, Oh that is rich. The mayor and governor will blame singular momentum.Maybe+Herself will include this in her lecture series . Is she being compensated
for this? Was she provided a box to stand and a captive audience. Jabbing her emphasis finger along with intelligible invectives
I’m shocked, I simply don’t understand it! Illinois is so business’s friendly! Has Arbuckle commented on this shocking turn of events or at least grinned?