-- 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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Any class-actions lawyers up for this one?
I would totally be in.
JB Fatass should hang by his balls for this one.
And he wonders why people are leaving Illinois by the busload?
Scandal number 2,745 of JB’s short one-term administration. Everyone says that Trump is the Herbert Hoover, but in reality, the Blue State governors are Herbert Hoovers.
Mr 1871, huh? What does data and science tell JB’s Crew about the importance of regression testing?