-- 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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Always hold onto your wallet when Carpet bagger Al comes to town. He never passes up a chance to further his grift!
Hope Al is keeping an eye on the calendar. The deadline for filing taxes is just a few weeks away. Oh yeah, I almost forgot, Al doesn’t pay taxes does he.
Look’s like Al’s packem in??
Al not so Sharpton should stay in NYC.
The dead vote in the Chitty and have for years.