-- 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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Tutsoonery?
Commuters also need to remember their metallic American Express card — don’t leave home without it!
If you want to be part of the solution to this criminally insane behavior, vote straight red.
Even had they apprehended the perpetrators, they would not have been able to hold them, thus leaving them to wreak more havoc…
So, tell me again how the (D)’s are the answer to fix the problems they themselves have created…?