-- 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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When is all the scamming going to stop and these cruds do something good for the people?? How much can you eat??
Hmmmmm, mighty suspicious???, one would thing “reparations”-CTU/Brandon would be getting 100% behind the “community benefits agreement”? But no, he’s only giving tacit approval??? Gee, could it be that behind the scenes all the developers that are trying to cash-in on Obama Center area real-estate have got connections to Brandon? Noooooo??? He has to give some kind of nod of approval to community benefits agreement folks because otherwise it will look real bad during convention when all the conventioneers trek down to Obama Cent and the folks Obama “community organized” to are getten booted out of the hood. It looks like… Read more »