-- 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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This is what inherited money gives you. An oversized sense of self.
Rather than be miserable on his own and end up in a pool of his own vomit, he went the other direction and decided to do all he can to make other people miserable.
Simmer down JB and stop pouting like a 2 year old because your being challenged, always on the defensive my little jelly belly.
JB’s hypothetical response: “The Illinois Constitution is just a piece of paper. What’s more important is the cherry picked scientific data I use to guide my sole authority to ‘Keep You Safe’! Even the mere thought of questioning sCiEnCe or my interpretation alone of the sCiEnCe is making you less safe!”