-- 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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Conehead is a graduate of the Word Salad University just like Harris
Hey Governor Blowhard, the goofy pointy headed guy running the largest city in the state you govern has apparently lost his mind. Instead of visiting other states campaigning for the other idiot, why don’t you put down the triple bacon cheeseburger and do something?
Gratuitous swipe at Trump in the article. Oh what the heck, forget about it, it’s the Trib, Jake.
Coneheads new moniker will soon be Mr. Onetime.