-- 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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Are we really interested in listening to this failure of a mayor about how to fix anything? He caved to the CTU early in his administration and the school system never recovered. He passed one phony budget after another and did absolutely nothing to help solve the multiple Chicago pension problems. He hid the Laquan tape so he could get reelected and duped the press and the public. His emergency elixir $500 million property tax increase hurt a lot of little people and the money was gone like dead leaves in a puff of wind. He did absolutely nothing about… Read more »
Don’t care what Rahmbo thinks.
I was going to read the article and then Rahm called 1/6 an ‘Insurrection’ so I stopped reading.
Nobody likes your punditry, Rahm. I liked you better as a mayor.
He forgot to mention that Progressive ideas at the turn of the 20th century led to a Communist revolution in Russia, Fascism in Germany, and two horrific world wars.
What does this guy know about calming a storm, he helped to create it, that’s what fascists do.
We’ll be united once everyone submits to Democrat fascism