-- 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 would seem that jb & the dem machine is no longer pathetically blaming Rauner as thier scapegoat for all the unconscionable horrific sickening incompetence at DCFS?
With Illinois having more than its fair share of deadbeats and losers, and funding for DCFS being a low priority with the migrant focused Governor, this woman has a very low chance of being successful. DCFS has an absolutely abysmal track record, and the Governor hasn’t done anything to fix it. Maybe one of the so called journalists in this state can ask him why. Of course, that will never happen.