-- 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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Somebody please tell BJ that that horse left the barn long ago when his predecessor fumbled the ball.
His favorite negotiating tactic is not paying. I bet his credit score is probably in the 500’s.
FAILURE TO READ THE ROOM: Johnson Doesn’t See That A Socialist/Union Stooge Mayor Makes The Bears Even More Likely To Dump Chicago
The Skunk-Beard Socialist says that beating your sister to the bathroom makes him qualified to negotiate a stadium lease.
Just like his deadbeat debt payment plan qualifies him to oversee Chicago’s finances.