-- 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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Another Lori stunt, next she’ll swallow a coal shovel!
Doesn`t matter 2024 budget will be an new administrations problem Lori Lightweight unemployed April 2023
That aint working…Money for nothing, chick’s for free….
She knows it’ll be a disaster
Im thinken in a year when we’re in a the middle of a disastrous recession all the fed “free stuff” covid $giveaways$ are going to look like a complete joke that accomplishing nothing.
Wait. What? Money-for-nothing isn’t sustainable?
It is when your mindset is that taxpayers have infinitely deep pockets.