-- 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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Liberals always eat their own! LOL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Lock him up on some trumped up charges a night or two before the convention and keep loosing the paperwork so he can’t get out so easy so done before
Or is he going to do as he usually does: Blow hot and cold using words he doesn’t understand incorrectly and arrest the protesters and release them before the ink is dry on the booking citations?
Sounds about right! How did Chicago fall so deep into the gutter!! Used to be such a wonderful place to be!