-- 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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RIGHT out of Illinois—- is The perfect direction. Just looked at U Haul rates. From Rockford to Phoenix with a 6 by 12 trailer $1,114.00. Coming back $297.00. That shows which direction people are going.
Are you ready for another “wow” quote? If you’re not, I won’t print it. OK, since I have your approval, here it is from the booklet: “After years of mismanagement and neglect, we’re finally starting to get our great state moving again.”
You bet Jabba we all are headed in the right direction DOWN THE TOILET