-- 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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What a waste of money…on the program and on the person. Why not just burn the money for the illegals to use for heat…oh wait, we already do that…
1st course, Bribery 101
Eddie Burke and Mikey Madigan are teaching it together!!
Harvard is a freak show at this point. Maybe Brando and Lori Lightweight can teach a class together. “How to make everyone hate you in 30 days!”
Ooh, maybe Harvard President Claudine Gay gave a presentation on her original ideas for city leadership.
Only if she plagiarized – not quite a font of originality or ethics.