-- 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
No report from anyone, no report from any tourist, employee, resident. An entourage of multiple body guards, casino security marching thru a casino would surely draw some attention. Fatboy is a highly recognizable person yet zero sighting reports. A winning streak of $1.4 million and a very high roller playing at a table would attract a crowd unless the “whale” was escorted into a private room. Zero sightings makes me highly suspicious. A FOIA of his travels as governor would tell the real story. Perhaps a public plea….did anybody see Pritzger in Las Vegas, ever? A schemer, a scammer, a… Read more »