-- 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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More brainless activists, just what Chicago, Detroit, and Jackson, MS need!
Lori’s available to help teach.
I think Chicago Democrats just rejected Obama’s brand of fundamental transformation. If anything, it looks like many long for the way things were before the transformation.
The rabble rousing tour.the next generation of freeloaders. Will this be a diverse group of new leaders, or just populated by them? WNNA?
Leader? That’s rich. The guy is a community organizer, race hustler who is skilled at giving a speech.
Real world experience? Nope, just another Al Sharpton with a more subtle suit.