-- 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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We are in the 21st century. Why do we need maps? GPS works most of the time. Here’s how it would work. In 1 mile you are entering a democrat controlled area.Turn left -far left- for 20 miles and its all democrats.Turn right two homes and that’s republican go straight ahead for 15 miles all democrat except for that one dude continue till you see the zig zag road. Follow zig zag road till you get dizzy and almost puke then in 50 feet turn hard left NOW. You are at your destination Springfield or is it Chicago? Where ever… Read more »
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