-- 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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The city is recomputin the cost, what a joke.
The city could not pore piss out of a boot with the instructions written on the heel.
If the airlines believe that I have some prime
Florida property I would like to sell them.
Let’s just dig it up and put a ten foot deep X trench on it like someone we know did, to combat “ terrorism “. Meigs field, we hardly knew ye…