-- 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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LOL! Lightweight shouldn’t have been elected as dog catcher!
When Lori becomes Mayor Daley I, Madigan will listen. ?
I will say this about LL… She may be blinded by her virtue-signaling silliness, short of the intellect she needs to process the decisions with which she has been faced, and pretty much dead wrong in how she has handled, well, pretty much everything, but I don’t think she is dirty like the scumbags down in Springfield… We have that to comfort us as we run out of money and are overrun by criminals… Happy Holidays!
Madigan will ‘Salt the Earth’ if he is forced out. Then what? To whom would we turn for principled leadership from the Illinois Democrat party?
She is the lowest of the low. Every insider knows she begged for his endorsement, and begged for all his guys to turn out votes for her when she ran. And this shows what a stand- up person she really is. “I will have more to say in the future– like when I can read public opinion and see how it affects me”. Chicago voters are getting exactly the kind of representation they deserve when they vote for duplicitous cheap politicians like this. And how convenient that Madigan pops up as an issue now to deflect any conversation away from… Read more »
Exactly correct, and well said.
Then Larry and chuckles you must also give up your positions.