-- 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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Yeah if only Warhawk Clinton had been elected this would be over with by now… give me a break you loser
Great idea, Senator. It is really intelligent to play petty politics right now, pee all over the one guy who can make the biggest difference in Illinois, and blame all the shortfalls of the City and State on the White House. When will Democrats figure out that there is no reason to continue to poke Trump. He is not going to carry Illinois and is no threat to the Democrats here or their sheep-like base. It is just plain and simple pandering for no good reason.
She’s the worst.