-- 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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What a dismal group – is this REALLY the best the party has to offer?
Two failing governors and a Twinkie?
Meet the new boss, always worse than the old boss.
This “news” is about as revelatory as “And in the morning, the sun will arise in the East…”, lol…
And if you think for one minute that the above Democrats you mentioned in your article are up and coming talent, I would like to know how you came to the conclusion that they are talented.