-- 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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Hinz, you’re a moron.
“Next time President Donald Trump goes after him personally for daring to tell truth that makes Trump look like something other than the soul of perfection, don’t take the bait.”
The truth to guys like this is nothing more than brain matter plaqued with TDS. When Jelly Belly is suddenly the truth teller, lord help us.