-- 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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Wow. The rats must sense that the Illinois Titanic has sprung a leak before it’s inevitable collision with the iceberg of government debt.
Rich Miller is and has always been a Democrat worshiping Madigoon. He has never said anything positive about republicans and can only trumpet and praise Democrats. Miller is disgusting and soils the title “journalist”.
I don’t think that Miller has ever written one article even remotely besmirching the great King Mike Madigan. There must be water seeping into the bilge and Miller is looking for a way out.
If you check out capfax recently even all millers fluffers seem to be callen for mike to hit the road…but who they gona get to hide behind the curtain and pull all the strings on the yellow brick road to worker paradise
Even a blind squirrel finds a nut. Rich Miller has *one* readable, non-anti-Rauner filled article, where he actually criticizes Democrats.
With nothing at stake.