-- 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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LOL no large publicly traded company run by psychopaths and heavily regulated by the government will ever be able to ‘gain my trust’.
Seems fair to put it in the rates because the people paying for electric also are the ones that voted for the politicians either by voting for them or by not getting out and voting against them
They gotta pay that $200 million fine they received for the Madigan bribery scheme. That money has to come from somewhere so, raise prices and make the customers pay for their criminal activity.