-- 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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Any bets that on any given day you could shoot off a cannon in the office and not hit anyone, the honchos are always in a meeting or away at conference and the only person that you can count on seeing is the custodian unlocking/ locking the door?
Just another day in the office. Fire and clean out one bunch of drifters and hire a new batch for a year
Gee whiz, corruption in Cook County government? My oh my!