-- 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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“ But the manifestation of the realization of my policies for the Working People’s Republic of IL will result in a rich, equitable tapestry for all.” explained Six Percent, resulting in much head scratching and laughter.
Acute Verbumsem disease symptoms.
So sad. Those afflicted with it are oblivious to their illness and seem only too excited to try and infect others.
Sounds like one of the “ alizations” Tiffany Henyard referred to.
He’s giving Kamala Harris a run for the word salad of the year. But wait! There’s sure to be more entrants into the competition.