-- 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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“Left the city in better shape?” Dick Simpson has gone off the deep end. The city is a disaster on so many fronts you can’t start to list them. And he gives her an overall A- grade for her performance? Talk about grade inflation. I want to take some classes from him. Must be that every student in any of his woke classes gets an A just for breathing.
No doubt grading on the curve?
Better Shape? More like the Stay Puft Marshmallow Man or the shape of the chalk outlines of bodies..
He must have fallen off something. or being blackmailed like FJB