-- 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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You have to keep.people in the State to bring them together. And what does that even mean as it relates to covering Chicago’s and Illinois’s liabilities?
Get everyone in one place so that you can tax them into oblivion?
Wow, what a moron. Bury your head in the sand and keep saying “all is well”. That’ll fix it.
More hot air from Six Percent when we can all see that blacks come first on his agenda, Latinos are useful for Fed money and perhaps votes and whites are to be taxed down to their socks until they get disgusted and finally leave town giving him the “ rich, diverse tapestry “ of a city overwhelmingly black and brown he truly wants.
Oh, now that it’s finally hit the fan it’s ‘we’. No, lets see some real leadership from the public unions and Democrats, i.e. start to pay for their overly generous compensation with cuts and copay increases. Maybe finally consolidate near empty schools also. Till then, it’s just another money grabbing ruse by the people who have created every problem.
Roll up our sleeves Banjo. Like you rolled up your sleeves to get the money for the teachers. Which by the way you are one
No, it’s not “roll up our sleeves” time, it’s “roll down your pants and bend over” time for you chump-ass suckers to pay your “structural budget imbalance”, like my $5.5 mil guaranteed pension for being a CTU teacher for 4 yrs:
Who are the dopes who still believe a word this equity hustling grifter con artist has to say?
Mayor Cliff Notes, the problems Chicago now faces are entirely your responsibility. Your inability to say ‘NO’ when it was most needed directly caused this financial mess. It has nothing to do with you being cut off from Uncle Fed’s credit card. You overspent and overpromised, pure and simple. This is why you poll just under dysentery.