-- 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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It shows promise because Lori says it shows promise! Whatever that is! Sounds like crime is down too! The weekend bloodbath continues.
Many of Lori’s lieutenants are leaving, they heard the feds were coming with a new polygraph machine. It reads your thoughts! They need to calibrate the settings on known liars.
So where are the “results”? There’s just one anecdote.