-- 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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JB is trying to remove the toilets in his Springfield HR office…
Where are MA Ahern and her peers? The goof from Crain’s (forgot his name as I unsubscribed years ago as the mag degenerated into a leftist POS)? All of the “journalists” who are employed by local newsrooms? If there was any question as to their guilt and complicity…
As evidenced by his comments regarding our fiscal health, the guy is full of crap. When will our major media outlets challenge him? Hold him accountable? Seriously – we wonder why normal, honest, law abiding folks are filled with rage…
Campaign advertising $$$ flows from JB’s off-shore bank account to news rooms.
It’s suicide to jeopardize that.
And the reporters just so happen to love JB and refuse to investigate anything that would make him look bad.