-- 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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I hope the title of this article is tongue-in-cheek. If not, maybe we can also have a training manual for the Chicago thugs that includes a section on how it’s wrong to carjack, commit armed robbery, and murder.
Ryle#1- Grab with both hands! rule#2- never answer or explain.Rule#3- blame the dead.
Block Club Chicago is the worst of the fake news retard media. You need a manual to know “don’t steal’?