-- 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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Hope that JB can find a mirror large enough so that he knows who caused the exodus.
He can go downtown to the bean that should be big enough of a mirror for him
Timber Arms Manufacturing left NY for Alabama today
This is obviously if no concern to the D’s. As long as they have the power and the media, they can control the people and control the message. It’s a national issue as well.