-- 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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It wasn’t defeated as much as it wasn’t stolen. Chicago has the most incompetent collection of boobs running the government now they can’t even properly steal an election anymore.
But the silver lining is that low voter turnout does favor conservative causes in Illinois.
Appropriately enough for this time of year, it would appear that the Tribune has had a” Saul on the road to Damascus “ moment.
Robbie
You are truly an idiot too for voting for boy bj. U have no brain upstairs.