-- 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
Gee, what a good idea … that they should have had a long time ago: consequences for bad behavior.
Gotta wonder if they run their families the way they run the city/county.
Is anyone else alarmed that it took so long for our so called “leaders” to realize the painfully obvious?
Blah, blah, blah.
Beetlejuice talks out of both sides of her lying mouth. He/She/It doesn’t back up the anti gang talk with any action. It’s just talk.
Little to late little lady
Hmmmmm…..when she meets with the local courts? WTF does that mean? Is she intruding on Toni’s turf. Toni will order Dart to bar Lori access to county court buildings? Lori will wear a disguise and sneak into Markham or Rolling Meadows.