-- 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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Ralphie Martire, who never met a tax he didn’t love like one of his own children, is back with his usual pernicious and mendacious defense of profligate government spending. He figures he can rally the Illinois AWFLs once again to keep his leftist benefactors in power. The rest of us have had quite enough of JB the Hutt and his fellow reprobates.
You think so? I’m not so confident. Pretty sure JB would be the odds on favorite to win again.
Ok…fair enough…except for people like you, Mr./Mrs./Ms. State Retiree. The rest of us stuck with the bill are fairly fed up with JB the Hutt’s consistent mismanagement of Madiganistan.
Matire and pernicious in the same sentence sounds about right. The tax man speaketh.