-- 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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Hey Jonathan. Speaking of “moral failure”, how is that half-sibling of yours doing?
You know, the one your Dad had with a Staffer?
Jon would do well to follow the family tradition and quietly pocket money with a minimum of boat rocking. His disgraced , convicted felon brother still collecting an outrageous disability pension, is trying to slither back into politics ever so stealthily.
Wonderful!
We need lots of fiscal responsibility, you clueless tool…taking care of yourself first isn’t “moral failure”. Spending everything you have “taking care” of the world is unsustainable. To continue like this, there won’t be a United States to do anything for anyone…we will be bankrupt. The people of this country need to vote these actors out of office, this moron doesn’t give two craps about “Pakistani woman”…he just wants to be opposite of the current government direction and be on TV. .
It is unbelievable that these clowns still think that we are the piggy bank for the world. They must be unaware of our 36 trillion dollar national debt. But then again they could care less, they are getting paid.
It’s about time the home front comes first.