-- 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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Those are the pick of the litter? They are simply awful.
Save the county money, keep the same old flag and skip the whole exercise. Cook County has more compelling issues.
The flag should have a hand stealing the wallet out our back pocket.
Maybe the flag should have the tape/chalk outline of the dead bodies.
https://d2gg9evh47fn9z.cloudfront.net/800px_COLOURBOX7745548.jpg
Comment of the day.
Cook County’s flag should just be a toilet with money being flushed
With Lardo sitting on the throne
You won’t find a toilet in Pritzker’s house — when it’s time to pay the property taxes.
Cook County may just want to wave the surrender flag. It’s all over.