-- 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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Kelly Cassidy = complete whack job. Whenever you hear something totally crazy that celebrates killing babies in IL politics, it’s always Kelly ‘Moloch’ Cassidy. She’d kill you too and your family if she had a chance. She’s the worst.
Isn’t Kelly one of the people who were jumping up and down when the abortion bill was passed? Total loon.