-- 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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Martin Preib can certainly turn a phrase. I do like his three options for corralling political animals, especially referencing that those who fail to adhere to the narrative behind Option 3 are given the Option 2 treatment. This explains the transformation of many craven creatures of Springfield and Washington into DNC bots, such as the odious cockroach that is Adam Kinsinger. One wonders what lies in Kinsinger’s Option 2 file.
Animal Control Officer in his beloved Channahon.
The comments re the Blago WSJ piece showed me that those from outside Chicago really don’t understand Chicago “ journalism “ nor the “Chicago Way “.
Of course who else is going to lie for them Chicago media scum.