-- 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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“the draft of Obama’s first inaugural speech he wrote on a white, lined paper pad”
Sure he did. We haven’t seen any of his collegiate work, or anything he wrote while a student. Barry Soetero was a fraud sold to the public by the insane media. The abandoned furniture store is actually a fitting place for this grifting leftist’s leavings. Leave it there.
Now that it’s common knowledge, perhaps security should be beefed up. Sounds like valuable stuff, ripe for the picking.
But, then again, how well can the thieves read … or do they read?
To bad he had to hide it in a white suburb.