-- 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 heard the entire interview as it aired. Maroney was very calculated and choice with his words. Very easy going, opened minded, yet fiscally conservative. The interview was just fine, there is nothing wrong with it. He wouldn’t even disparage the left wing whack job who insulted him and the rest of the board. Dan & Amy are not controversial any more than Eric & Kathy are controversial. IN fact Eric and his new side kick talk about some pretty gross explicit stuff that I can’t even have it on the radio in the morning but I have no problem… Read more »