-- 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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Can only happen in my sweet dreams
Pointless political stunt.
Unfortunately, in IL it is pointless to call out America’s Worst Governor for his inflammatory, hateful and disrespectful rhetoric. But at least someone spoke up as, once again, JB shows his true colors.
Maybe not. it certainly won’t look good on his resume for his presidential run.
Doesn’t matter, he has little chance of winning anyway.
Rigged voting machines favor the communists