-- 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 scandal number 50? It costs $25,000 an hour to charter a 747, but Jabba pays nearly a million for a cargo plane.
Yep who cares when it is not your money . JB has never worked a day in his life so has no concept of value of money. The fact that he says raise his own taxes just shows you the lack of value he has for money when it is all handed to you. Also blowing $200MM on a campaign to prove to everyone that you accomplished something has now become IL nightmare. JB has massive self esteem problems that no amount of money can fix. The day he ran for Gov was the day we put into action for… Read more »