-- 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
Just who are these right-wingers standing in your way!? Pure insanity.
A weak response as she’s handed her greasy fedora. Disdain for an idiot is not racist.
C’mon. CIG-political Corruption, Incompetence, and Greed. Chicago and IL politcians are champions of all three….for decades and decades. The Irish guys did it….but the state and city still had some money (purportedly–cause fabulous public union pensions liabilities were not recorded or recognized by the gullible public). Now the next generation of Chicago/IL politicians want to ride around in those same black Chevy Suburbans…but now IL and Chicago, despite former wealth, have the lowest bond ratings in the country, with about 80% of property taxes going to fabulous public union pensions. Now, no money and greater public awareness–but the same old… Read more »
Trying out for a new job as a stand up comedian Lori?
Lil’ Lori got what’s called “the bum’s rush”, lol…
Larry Lightfoot needs some electro shock therapy — but I doubt there’s enough power in Northern Illinois to shock her back to sanity
Right Lori, because there are so many right wingers in Chicago. You are delusional.
There are and they beat up Jussey Smellit.