-- 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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She intends to move this as expeditiously as possible before anyone can see what she’s doing. The foundation of the Democratic Party! Hide it so we don’t need to justify anything. The dopes will go along with anything if we keep everyone in the dark.
A perfect example: the overnight destruction of Meigs Field by Daley.
I always suspected he chose the area for his summer palace. The drive to Michigan was tiresome and normally made him irritable. His lower lip would stick out like he was preparing to sucker punch his driver.
More no show jobs for the permanent victim class in exchange for votes.