-- 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 fake news. If this were Obama, Jelly Belly would have praised the federal government. But because it’s Trump, he has nothing but scorn. It’s unfortunate that Jabba’s Trump Derangement Syndrome affects his ability to think rationally and logically about this crisis. In fact, Jabba’s entire administration has TDS. They should all resign IMMEDIATELY. The State of IL has no confidence in this slob’s administration.
So well put, jabba and his double standards