-- 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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“Orange man bad! Now give me money orange man!” This is the logic of our governor, folks.
This is how Jabba has lived his whole life. Daddy Warbacks cleans up his mess.
“We need to rely upon the federal government and its support for all the states in order for us to provide the services the people need,” said the great big fat one.
Why should the rest of the country be expected to pay for his stupidity? This is beyond the pale…
He got himself in this mess