-- 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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Blah, blah, blah is being replaced by bang, bang, bang.
Blazing glimpse of ignorance of the facts by the dumbest Police Chief in North America
It’s like being an MLB manager of a last-place team bragging you won two games in a row.
Stats for March? It’s still March, how can you declare improvement?
Guess there was nothing to brag about in January and February, eh?
Of course it’s down from the same month a year ago. He is comparing 71 percent of March 22 to 100 percent of March 21.It is worse than comparing apples and oranges. He is comparing horse dung to cow manure. Take it from a guy who grew up on a farm. They are not the same
Oh boy! One whole month of improvement in selected stats.
Yes indeed, and we all should believe in unicorns, tooth fairies, and the Easter Bunny.