-- 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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Damn, they made the name LONGER. Illinois Security Emergency Management Agency would’ve produced a much better acronym.
How does changing an agency’s name enable it to be more effective?
I’m kinda lost on this concept. But, then again, I’m just a stupid chicken.
Major accomplishment for JB, shuffle some alphabet letters around and proclaim a major victory. The only stupid chickens are democrats. Pat, you’re a smart cookie!
Great, an agency full of goofballs code 3!