-- 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
Kudos to trumpkins Devore, Wirepoints and Bailey. Bailey such a trumpkin that he decided to become morbidly obese. Devore such a trumpkin that he became a full time grifter with his losing every case but collecting the money; wirepoints such a trumpking that it has become all alternative facts all the time.
Trumpkin- that’s cute. Did you think that up all by yourself?
Excellent summary of Pritzker’s daily display of arrogance combined with ineptitude. He obviously has delusions of national prominence, but the role of arrogant Dem governor is already filled by Cuomo. Sorry JB.