-- 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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How about shining the spotlight on are corrupt, evil, blood sucking politicians.
Yeah, it’s police misconduct causing the shootings and murders. Hope the lowlife Crain’s reporters are on the scene for the next shootout. Idiots.
Crains,
Another lost paper. Cancelled my crains two years ago- Never looked back!
Screw you Crains
Crains is now an arm of BLM. If a close examination is in the future watch the brass sweat. The entire top is rotten, don’t forget that slob, I can’t remember his name, passed out in his car with his driver or assistant down in the foot well looking for a crack pipe. Misconduct? Crains hasn’t been right on anything since 1985.