-- 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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Anytime you have a carnival or fest now, it’s fight night. This is happening all over, including suburbs. It’s what happens when there are no consequences for one’s actions. Too bad Jabba the Putz doesn’t know what he’s doing. He created this environment.
Must be the same group of “outsiders” who turned the Simeon High School graduation into a slug fest!
Saw this on neighbors app last night. This is why we can’t have good things.
Put the little Capones in Sing-Sing prison
For 10 to 20 and you can have nice things again.
We are going to need new leadership to lock anybody up!