-- 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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It would be awesome if it priced out many and screwed up access to… well, anything. Wonder if the Ukrainians will be sending BO and JB Holiday cards this year…. Let us not forget when Barry whispered, sotto voce, to Medvedev about how he would have flexibility post re-election…. And, someone remind me…. Where was Uranium One? We are living the consequences of liberals ruining, sorry, running our country. So, let’s build an edifice to the ego of a guy who was never Chicago…. It was simply a conduit for him to never hold a job, never build anything, and… Read more »
Toxic Narcissist/Failed President Obama is the worst thing that ever happened to that neighborhood.