-- 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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Another council intellectual. Brendan, they’ll steal your socks!
This just proves that there is at least one honest person in Chicago. Well done, to who ever you are. You have made my day. I wouldn’t have believed it from this pool of applicants
So Willie Wilson oversaw a gas giveaway with no fraud and the sitting mayor administered a gas giveaway rife with fraud?
and who’s administering this program? Who issued the debt cards? Who’s the vendor?
Fraud? In a government program? Perish the thought!
Hmm, I’m becoming a “high mobility hardship individual” because I’m getting older and the price of gasoline keeps up. I don’t dare take the Metra or CTA system.
How can I get some help?
Duh!