-- 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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Holy Cow…….it seems that there’s someone in the upper echelons of CPS with critical thinking skills!
Don’t believe any of this nonsense about payday loans or pension payments. They want him gone because he’s not black. Johnson runs a black first administration. Johnson and Gates have repeatedly said they are the Blackest Administration ever and even posed for a picture for the triibe dot com showing how black they are. Look at the pic in the link, it’s black ethno-narcissism on full display. Of course, when an administration hires key administrators based solely on race (and other tribal connection), rather than competency, they’re just putting their own dysfunction on display. Imagine Rahm Emmanuel proudly proclaiming that… Read more »