-- 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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Don’t discount the “tiny dancer”, as the great John Kass calls him. Rahm’s brother is a High Powered Hollywood agent, and could raise Tens of Millions for his brother at the drop of the hat. Rahm also was the DCCC chair, when they flipped the House by using the Dennis Hastert molesting scandal (which they knew about and saved for the right time) as a cudgel against GOP House candidates. Rahm is a ruthless, calculated politician. Rahm is also a Clintonista, and would Definitely have all of them (Carville, etc.) on his side. Rahm has been going around sounding like… Read more »
How about Pritzker for President and Rahm for VP? Call it Laurel and Hardy 2.0.
(Don’t get any ideas, Democrats!)
I have a digit for the nine fingered midget!
Never make it for either one of them. Illinois pols are not marketable on the national level because of the dismal rankings of Illinois on so many issues.
A snowball’s chance in Kingston.
Careful Rham or JB is gonna sit on you until you say uncle (or I withdraw my nomination).
Well, yeah, when they’re handing out free jets.