-- 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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Maybe the prisoners are used as telemarketers.
Hello-This is Vincent. Is this John Doe? May I have a moment of your time I am currently serving a life sentence for 1st degree murder in the Menard Correctional Facility. No not the Menard’s that offers 11% after rebate. The prison Sir! I am currently fundraising for the employees of the prison so they can have full funding for their raises and pensions. Can I count on your support? Any amount is OK!. CLICK! Hello. Mr.Doe Hello!