-- 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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It’s sad. Any delay in this process is just corruption happening right in front of us. Plain and simple.
Given the fact that Raoul runs off to other states to meddle in their affairs ( trans rights, appointments to their Supreme Court) , it’s no wonder that the business he was elected to take care of in IL is stacking up like planes circling O’Hare on a foggy day. At least we get a yearly list of dangerous Christmas toys, though.
It seems Kwamzee is great at excuses, he would like to tells us all to F… off but that would Incure the wrath of El Gordo.
It is not only on the back burner but the gas is turned off.
We need federal marshals to come in and clean house.