-- 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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Can’t wait not to see this.
Who cares? Honestly, there are so many women who have done so much more to help others in this world, who have labored in obscurity. This edifice to ego is unreal.
Instead of spending a freaking cent of ANYONE’s money on this dump, put it into really helping people… Tangibly… Not some “library” that will educate no one…
Whatever. When your heroes are selected not by their deeds, but by some obvious trait with which they were born, you will end up with hollow idols.