-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
How does any intelligent person make this comment?
Yingling also said he doesn’t intend to hold children responsible for accidentally letting go of a balloon.
Glad to hear that he does not, at this point, intend to punish children with balloons. Next we will hear that could change pending the results of the study being done by someone’s son-in-law for which the taxpayers are paying.
What is wrong with these people???
Is this all that this sh-t head politician has to worry about, omg get your head out of your ass and wake up. There are much much more serious things to worry about in this screwed up state. You politicians are a total embarrassment to everybody.
I this was going to be a Babylon Bee article.
Meme this guy. Tie to balloons. Release.
You’d think they’d be embarrassed to discuss crap like this
The legislators would be embarrassed if all ILGA committee and floor hearings were video recorded and made available free to the public.
Democracy dies in darkness.
Meanwhile in other pressing issues, legislators decided not to take any action on the looming pension crisis due to fact that income tax hikes, already defeated by the voters, will be again introduced by the House speaker who assured them that voters will trust them, legislators, to do the right thing with the new tax income. Then they all went into the hallway and laughed their azzes off.