-- 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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Yep, just what is needed. Another department of ….whatever.
Great job to the “ usual gang of idiots “.
Create a Department of Early Childhood,
This will take care of all the problems with the young kids, why didn’t someone think
Of this before.
The state is awash with debt, pensions eating us alive, repressive taxes and this is
Just what the state needs.
Don’t worry if this doesn’t work we can create a Department of Early-Early Childhood, hell we can pay people if they just think about kids.
The roller coaster ride to hell continues.