-- 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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Hm.. seems like some folks don’t want to share the free stuff that they don’t work for with other folks not working for it either. So much for the much vaunted Black-Brown coalition.
Check out her shirt. Chicago Flips Red. This will happen faster than anyone thought it could.
The movement is growing day by day.
This is what you voted for. SO shut up, pay up and bend over.