-- 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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After reading Eric’s statement I think we should request that he should also undergo neurological testing. It appears he suffered a serious blow to the head.
If you read Eric’s communications director’s statement on Grifter Joe’s chances in November, you’d think that he was a supporter of President Trump. Alas, he’s just another dime-a-dozen MASA extremist. You could figure what the ‘S’ stands for.
Eric’s district is a classic gerrymandered mess. Par for the course for the highly corrupt State of Illinois.
No surprise that ‘defender of democracy’ Eric now want to void the votes of his fellow socialists. Power uber alles rules the day with the DNC.