-- 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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They should pay us reparations for the criminality so prevalent in their culture. Who cares if they were slaves 150 yrs ago and not all states had Jim Crow laws. Pathetic that she bases her life decisions on how much money she can grift from others.
Awwww
Stunning – reparations will help her return to Evanston. How did she manage to move to CO without them? Is she unable to make a living as a real estate agent in CO? Why would Evanston need to help a resident of CO?