-- 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! Durbin actually came out with a position I agree with. His wacky, hard left, nutty environmental positions, greeny giveaways, Judiciary Committee buffoonery and immigrant loving behavior of late is disastrous. But when he was an Illinois legislature Springfield guy, and then a lowly Congressman, he was actually on acceptable moderate. Maybe with his comments on the Bears he is revealing there is a little bit of the old guy left even though he has been 100 percent co-opted by the DC crowd.
I agree give em hell Dick!