-- 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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Well so much for JB wanting to hear the other side of the story. He can’t even keep his story straight when he’s fibbing.
Wow, JB the waffler switched horses quicker than Kamala re Joe. Another insight into the rev runs character is that he also was on the hook for lack of child support payments.
As my Scottish-American grandmother would have said, “Good riddance to bad rubbish.”
Hmm, perhaps the vetting process needs help. Old Joe is available for a consulting gig.