-- 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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Crooked Corrupt Cook County Democrat Boss Preckwinkle Balanced A Budget — USING A QUARTER OF A BILLION DOLLARS IN STOLEN GAS TAX FUNDS — IN VIOLATION OF ILLINOIS’ VOTER-APPROVED LOCKBOX AMENDNENT
Sing along with me: “It’s beginning to look a lot like politicking, everywhere you go.”
Particularly when you open the mailbox and find lots of sheets of cardboard with smiling portraits of thieves.