-- 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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I wish the tax man would forget about me……..
The Sun Times could include a mapt to a rich diamond mine and nobody would buy it. The ztimes and Trib were silent about CPs producing graduates who can’t read; fooking morons.
Fake news fraud Sun Times is now crowd-sourcing its fake journalism
That’s right, Sun Times, expunge the history that YOUR PUBLICATION authored.
Talk about revisionist history!
Subtle, Sun Times, really subtle.
“Stupid is as stupid does.”