-- 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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Cost is irrelevant. It will never be built. Himself and Michelle want nothing to do with Chicago and the feeling is mutual. After all the fanfare and flowery nonsense, a test kitchen! Nobody wants to lift a finger, from Valjar to the top. The much touted presidential center is now an abandoned orphan. Any association with this project will result in a lifetime ‘Dope’ label. Maybe Biden can chime in to shame Chicago, as if it were possible! Lori? Shame? She’d give Joe the finger!
LOL what a joke!
Talk about a waste of money.
Big plans for the leftist training center.