-- 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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Iris Martinez’s original sin wasn’t not the SAFE-T Act repudiation. Her original sin was that she threw her support behind several Democrat primary candidates who were not endorsed by the official party. There is no dissent in the Borg, every Democrat will be assimilated, and you will support every policy, and follow every Democrat rule, no matter how it changes. People complain about the Catholic Church being strict and not allowing dissent – but the rules have been mostly the same for 2,000 years. The Democrat Party’s dogma and policies change on a weekly, even daily basis. What was OK… Read more »
Taxwinkle and Evans don’t like it when you rock the SS Criminals Paradise boat.