-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
The mighty Raja has spoken! And no one listened!
It’s an insult to the Japanese to stick them with Rham
This man is an idiot.
Dim bulb Raja thinks that businessmen in Taiwan are as dumb as his donors. There is no incentive to locate in the state formerly known as Madiganistan. There is plenty of incentive to locate in Florida, Indiana, Iowa,…