-- 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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Can Hizzoner call it a success if no delegates are murdered?
Zippy will not disappoint, he will blame everyone but himself. He needs more money
And don’t be callin the youngins any names!
He needs more money for the beauty shop
And a new zoot suite.
BJ’s funnin yutes will be the least of his issues. The genuine Iranian funded Hamas terrorists plus a battalion of useful idiots will be loose burning, looting and assaulting. The Democrats will be reaping their whirlwind and JB’s National Guard will be nowhere to be found and to spoil his coronation.
It all seems primed for an ISIS attack too. Very glad I don’t live in Chicago.
BJ has failed every test that the has given or taken so expect more of the same.