-- 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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“Working.” Sure, sure…
Brandon has more “ groups “ than the British Invasion once the Beatles took off.
That’s quite a big title. Let’s just say lackeys
The vast majority of the members are people with their fingers in the pot, not actual finance experts. I predict the sustainability part will go out the window as they work to devise ways to raise taxes, fees, and their share, while not even considering any cuts that could actually spur economic growth and sustainability.
Brandon’s “working group” is stacked with public sector bosses and martire but no elected alderman?? Truely Unbalivable!!
What a farce. Should be called The Coalition to Hike Taxes and Borrow More.
Crony capitalists, public union honchos, do-nothing civic groups and leftists — the same crowd that brought us the problems.
Well, ya gotta build a “coalition” so the ideas coalesce and then we need some “community organizers” to organize communities and then we need “faith leaders” to preach and pray for fiscal guidance (can i get an amen) to enable all who are involved to become rich and obtain the best and freest of meals and drinks while they meet and fill their calendars with focus group meetings and line their pockets with lobby money for the next year or so. Only to be completely forgotten and produce nothing. Excellent work Pin Head.