-- 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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Anyone that needs to be prosecuted are The politicians on capital hill period.I didn’t hear Durbin and Duckworth call for us attorneys or state’s attorney’s to round up the thugs from Chicago and prosecute them now did we, And Washington wonders why.
So true. These two pandering crooks pick and choose what they are outraged about. The double standard is so obvious, but they really don’t care anymore. Anyone that disagrees with them is part of the uneducated, “great unwashed” and needs to be ignored.