-- 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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Johnson seems to be oblivious of the fact that he is playing with other people’s money. Lets see how long he plays his game without Federal funding. Same goes for Taxwinkle.There is a serious reckoning coming and it won’t be pretty.
Brando should check his latest poll numbers. They suggest that his constituents do not agree that there’s enough room for everyone. They feel like Brando is giving away what used to be theirs.
There’s enough room for everybody. What there is not is enough free money for everybody.