-- 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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Good God. He is such a waste of time and money. All of the issues, concerns and problems in the state of Illinois…and this is what this jackass spends his time on…what a shame.
You go Dicke! You certainly have your priorities in order. Time to retire.
When you retire, please take Duckworth with you.
Durbin not one to sit back while Daffy makes waves and gets a headline.