-- 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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Stay tuned for more adventures of the disaster of a place called Dolton. Amos,Andy and the Kingfish would be impressed
I almost spit my coffee out on this one. The voters elected the Mayor and now, in true Illinois style, seek to blame someone other than themselves for the person they voted for.
Ah yes, the we’re not responsible because we’re stupid and black defense that has been so well used over the years. Akin to we’re too stupid and black to get ID’s to vote.
An insight to the childish mindset that refuses to accept responsibility for poor choices and seek to dump the consequences off on others. An outgrowth of an exaggerated sense of self worth in that they never, ever do anything wrong.
Henyard is part of the protected class, nothing to see here. As far as the 1.8 million, your SOL ! How about a conviction? Politicians have a free pass in this state.
It’s always someone else’s fault. Never the consequences of their (voting) personal choices.
So true. The voters never want to take responsibility and instead just blame it on politicians that they chose to represent them. True victim mentality and hard to feel sorry for them.