-- 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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“A successful governor” Clownish bluster like the above installs yet another nail in the coffin of Chicago media. The pretentiously monikered EDWARD ROBERT MCCLELLAND (his caps), the slobbering DNC fluffer at Chicago Magazine, can’t help himself, drooling all over the rotund trust fund baby-in-chief, JB the Hutt. The noted billionaire gangster holding Illinois taxpayers hostage to the far left of the Democrat Party has never so much as managed a hot dog stand. This may partly explain why JB the Hutt continues to spend Illinois into insolvency, all while pretending that he reduced the long-term debt the state holds. Ed,… Read more »
Remember, kids, middle names are for serial killers…
Run the man who removed all the toilets from his mansion to cut his property taxes!
I know…….disgusting!! kinna fits right in with the rest of these dems and progressives lately!
A love note from Chicago Magazine to their Dear Leader, Jabba the Putz. There’s plenty not to like about the trust fund baby, but not according to this propaganda piece. The Democrats will run from JB, but not his money. The Dems like to hand pick their presidential candidates, which is kind of funny given all their bluster about Trump. Ask Bernie how fair the Dems play. JB can plan and dream all he wants. Nobody in the Democrat Party wants Tubby as the face of the organization.
Hope you are right