-- 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 hope the rank & file enjoy watching all of their money go out to those losers.
When Chicago is broke, getting close, and the state is tapped out what then.
The fed is way over in debt, the fat lady will
Be singing
Margaret Thatcher said eventually liberals run out of other people’s money to spend. Rank and file CTU slugs will eventually realize they are those “other people”!
I guess this is news to some?
Socialists love other people’s money.
Gee, when are they going to Caracas again?
I spell it differently. Carcass! That’s more like that city really is.