-- 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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The epitome of stupidity. Why Broadview? ICE was created in 2002 as part of the Homeland Security Act. It was passed by a comfortable majority in the US House. In the senate, ninety senators voted in the affirnative. That positive vote included Sen Dick Durbin. Why then, do the protesters not go to the source of ICE. Sen Durbin has an office in Chicago at 230 S Dearborn and another in Carbondale.
And leave Broadview alone!