-- 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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THOUGHT PRITZER WAS PAYING??!!
Com Ed needs some way to raise rates now that their sugar daddy politicians are headed toward (but maybe not into) jail.
This is pure stupidity. We have a natural gas infrastructure the world admires, with piping into nearly every residential property going back decades. They want to abandon that over some ideological view that gas is bad, but using gas to make electricity at the power plant far away is good. The dumbest, low IQ people run Chicago. All of them, of all races, colors and creeds. These sub-80 IQ troglodytes inherited a functioning city through a stroke of luck, and dogged political determination, as the smartest residents (again of all colors and creeds, especially blacks, who are the largest demographic… Read more »
Yep. This is beyond stupidity. It was the first time I heard it stated by our feckless president and unbelievably stupid vice president as well as their minions. In typical pile on on style, the numbskulls currently running our state and largest city are following suit – like lemmings. They just keep getting more and more stupid every day. This has got to stop.
JOE WANTS TO BREAK THE COUNTRY AND TRANSFORM IT….LIKE O WAS TRYING TO DO
AND THEY ARE ALL DEMOCRATS