-- 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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Conlon and Berlin are totally corrupt garbage as they only do Loris bidding to punish her enemies. I have been the victim of their retaliation , discrimination and abuse as a handicapped person. Ferguson refuses to investigate their discrimination against me. I am currently seeking attorneys and have filed a complaint with the attorney General and will-file another complaint with the Usdoj.