-- 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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“Combining his two favorite insults — “carnival barkers” and “spelunkers
of misery…”
Can you imagine Guv Pig Pork as a “spelunker”, lol…!!!
“spelunker:
a person who explores caves, especially as a hobby…”
He should fire his writer – spelunker of misery? Wha???? I wonder how many people turned to Google for that one!
We know he’s never been a spelunker – wrong body type.
Which confirms that Truth in Accounting and Wirepoints are over the target.