-- 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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Probably using those pencils as big as a bratwurst. Drawing maps! Hmmm where’s mine. Ward maps are a big deal financially. The corner drug dealer kicks up the Ward Superintendent (the bagman). You’ve heard alderman claim they never cut corners. Nobody gets a cut of my goldmine. Devonte runs a good corner!
It’s just a plan to get rid of Republican aldermen………oh, wait a minute.
They will use crayons and if they keep the within the lines they get a treat and can go to recess outdoors but not without a mask.