-- 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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Government exists solely to serve the public. The public’s business should never be conducted in private. I abhor the concept of government secrecy. Government discussions, policies, and records should all be public. Public spats regarding government policy are actually good as rigorous debate is part of life in a constitutional republic. I don’t appreciate government discussions on how my taxes are going to be spent and on laws that will impact me being held in private like some sort of top secret meeting between mafia bosses. Only a corrupt crony like Rich Miller of the Crony Fax, I mean Capitol… Read more »
Just more Democrat Pravda Propaganda parroted by the loyal shill Miller. Make the world a better place and crawl back under your rock Miller.
Miller thinks he’s the smartest guy in every room. The only time he’s right is when he’s in a porta john.
Miller believes that smoke and fetish filled backrooms are a good way to handle politics. Has anything changed since the 1800’s? Sometimes I wonder if Miller truly believes the anti-Democratic excrement he peddles, or if he’s just a really jaded cynic.
The voter is so screwed…..Miller doesn’t state if Republicans are invited into Welch’s private caucus meetings? One assumes not
You are likely correct.