-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
At this point Brando is good for at least one screw-up a day, including weekends. He is out way over his skis, and it isn’t going to get better any time soon. His only hope is the complicit mainstream media.
Which he has. While they are blathering about what to name a snow plow, the latest cute little critter born at a zoo or doing a promo for what show is on later that night, Mayor Raggedy comes up with excuse after whiney excuse as to why he is failing miserably at the job gifted him by the CTU.
Every large black run city [deleted]
Kevin, hit the road. You are out of here.
“The mayor badly needs more competent people around him”, I disagree, Mayor Johnson has surrounded himself with the best-and-the-brightest people of…