-- 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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Brandon, maybe less “punching”, and more reasoned listening to all your constituents, not just your friends.
Zippy is still punching, good to know. If Brandon the brave is still punching at
Shadows it will get better if he takes his
Meds.
This guy is punch drunk if he thinks his already dismal numbers aren’t headed further downward. After the DNC, I wouldn’t be surprised if he steps down for one bogus reason or another.
Brandon is on that last train to Palookaville
This could be a real learning opportunity for Mayor Brandon, but I get the sense by his defiant response that he will resort to his usual petulant child act, which is wearing thin. Be better Brando.