-- 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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“The request I made for support for pension funding was not in any way a bailout (request).”
“The request I made for support for pension funding was in every way a bailout request.”
Pick the quote that makes sense and the one that, you know, makes no sense.
“I voted in favor of the war before voting against the war”
“We have to pass the bill so that you can find out what is in it.”
What a jerk.
I do not believe one word out of this person’s mouth.
Like Jabba –it is do as I say not as I do.
Did I read the article right? His wife is a managing partner at Sidley Austin? That pays what, probably well in excess of a million dollars a year? This guy lives in the Oak Park bubble with his million dollar a year lifestyle and he is begging the feds for a state bailout? Harmon – you are a complete goof and a naive fool. You doubled down on stupid. You progressives truly are the absolute worst profligate jerks in the world. Your degenerate progressive policies are detrimental to the working class citizens of Illinois. You tell us how to live… Read more »
They’re all in it together, debtsor.
It blows my mind that people think that the Democrat party is still the party of the working class.
They are the party of high-priced lawyers, oligarchs, elitists, bumbling trust-funders, jet-setters, billionaire tech tyrants, deranged one-issue mouth foamers, illegal aliens, globalists, sexual harrassers and projectionists.
There’s more, but you get the point.