-- 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 Reader is what I use to wipe my ass when I’m out of toilet paper.
Another liberal diatribe in which the short-term Republican is a one-note bad guy he’ll bent on the destruction of Illinois and the indicted Democrat is a conflicted soul trying to do what’s right. More introspective nuance when analyzing their own ethics but absolutely none outside their bubble. Please stop.
“Madigan desperately wanted to punish Dunkin and send a message to any Democrat who dared to play footsie with Rauner.”
Any people complain Rauner was ineffective….I wonder why…