-- 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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Constant pandering and do overs for a bunch of people who believe being constantly high, being arrested for drugs,and having absolutely no knowledge of the financial and legal and operational expertise required for running this type of business. They obviously have no clue but the governor must continue to pander for votes. Affirmative action out of control. They will get what they want that’s the way it is in Chicago now. Talent means nothing only color.