-- 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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If a Daley is involved the word fair should not be included in same sentence
Why are we not hammering away on Obama’s own words spoken many times about the problems with Illinois’ own maps. In particular, his comments to the Illinois legislature ought to be splattered all over the news. And the hypocrite gets away with a press conference with Eric Holder and no one brings up Obama’s own statements.