-- 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 do the good folks of Dolton have to go to FBI to stop the Tiffany mobsters? Where’s Kwame, Kimmie, Dart, etc?
LOL she got 83% of the vote if I remember correctly. A complete landslide victory. Everyone loves her except for a handful of irrelevant carnival barkers.
She was actually recalled in a vote last year but the criminal enterprise known as the Illinois Court system overturned it. There is no way this thief gets re-elected to either position.
Interesting, I did not see this anywhere, but I found it after you said this. I learn something new every day!
The “it’s what the voters want” brigade will be displeased. Evidence contrary to the mantra is not welcome.