-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Has anyone on the legal team for the class action lawsuit checked if the yellow lights were shortened compared to yellow lights at intersections that do not have cameras all things being equal? Shorter light=more citations which means more revenue. A few tenths of a second shorter could easily fly under the radar.
Interesting, maybe the next class action lawsuit should be against Springfield and all the politicians that steal, misled, for all the misrepresentation that has and still occurs. For all the hardships that have been stoked upon us, people loosing there houses, living in poverty because all you people know what to do is raise taxes. Everything is totally out of control and needs to be stopped.