-- 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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I guess the guy didn’t have an elephant gun
With this trust fund baby, it’s all about him. America’s worst governor? Not with Hochul and Twosome Newsome oozing out there, but JB the Hutt is a solid third.
And he’s crestfallen at another missed opportunity for national recognition after being made a fool of last week. Another party, another invite lost in the mail. Seeing a pattern yet, buddy?
He isn’t worth the ammunition, probably.
Harsh reality he is a BIG nobody on the political stage.
He’s disappointed he’s not on the list. Could have gotten lot of publicity for his presidential campaign. Could you see him yelling “Fight, fight, fight?”