-- 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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I get that people don’t like Ralph but what was written is true. The voters act like spoiled children. They want less government spending but more spending for education, health care, social security and infrastructure. More spending for medicare and more money being spent on the poor. The voters are unrealistic and uninformed just as Ralph points out. The debt ceiling showdown is all theatre for those same uninformed and unrealistic voters. Republicans get to try and say they attempted to cut spending but those crazy tax loving democrats stopped them while Democrats get to show how they stopped the… Read more »
Filthy lying toilet rat Martire has made a career out of robbing the taxpayers and lining the pockets of crooked corrupt union racketeers
Ralph Martire is one of the slimiest shills around. Been peddling this fraud for years now.
The only thing I liked about this article is the ad. Tomatoes at 99 cent per pound at Kroger and the mix or match sale. Thanks!