-- 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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LLs only legacy is one of complete and utter failure towards the people of chicago
Everyone all at once, B R A I N W A S H E D!
This is not from a newspaper. It is from a Saturday Night Live skit, What a bunch of silly blather from a bunch of union lefty idealogues who know nothing about housing or economic development. This is so pathetically ridiculous it is not even worth commenting on the twenty or so ridiculous statements in this piece. Who wrote this? A grade school Civics student with a C- average. Lord help us!
Written by a future Sun-Times or Chicago Tribune feature writer. Get ’em young!
If the Sun Times prints it, it isn’t worth reading.