-- 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 love it when they reveal themselves; their true nature. It used to be that they pretended to be nice, benevolent and with the “little guy.” They used to understand that while optics are important, it’s ok to make a deal and to work together. But something happened, seemingly around the time Obama got elected. The gloves came off, and they just didn’t care how they looked any more. Overconfidence, maybe? In Illinois, they know they rule the roost. They know that they have only two masters to please: Madigan and the public employee unions. And if they have that… Read more »
The Illinois democrat party is a white collar crime syndicate.
This is a terrorist threat to use biological weapons of mass destruction. That’s a felony. Why is she not under arrest?
A good ol’ Sugar Ti_s….I know her well. She is an airhead, a bimbo, and a skan_k and those are actually her goodpoints. She was put into office by the Madigan machine at the State Assembly level. She is as corrupt as they come. Back when she was an Alderwoman in Aurora she is the reason they had to institute a cap on Ward funds that the Aldermen could spend at their own direction and had to have the bulk of the money allocated by the city maintenance departments. The reason is she would not use the wards budget to… Read more »