-- 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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Maybe she will demand a recount and find 5,000 ballots in boxes down in her basement. Those ballots are just used for emergency purposes.
Did I read this right only 26.94% of registered voters voted? That means practically 3 out of 4 voters gave a &$$(^( who was elected. With attitudes towards voting like that we can see why Dolton was the way it is and maybe an indication of why Illinois is the way it is.
Good Ridens
Good. Maybe we don’t have to see that circus anymore. We’ll see.