-- 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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Everybody wanted to go home, sure but what
Was not said was that El Gordo had a half side of prime beef turning on the spit.
He wanted to make sure Ms El Gordo did
Not over cook it. He had his beef bib on
When he left Springfield in his jet, he told the pilot, hammer down I am hungryyyyy.
Does jp ever take the blame for anything???? Never realized how perfect he thinks he is!! NOT