-- 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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why isn’t this a blm issue? mountains of poor folks of color sitting in cc jail awaiting trial and when they get to trail d brown and her gang of shuffle-butters have screwed up their paper work. so you settle for a plea bargain deal. and shes out there trying to hustle the black community for mayor (or maybe shes just another one of the spoilers for rahm)? sickening old school dem cc machine at its finest.