-- 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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Oh no, the criminal enabler Dem got HER house shot up! Oh, the horror! Of course, in her narcissistic mind, they were after HER because she is so important! Wake up, Mimi, people besides the deplorables your party looks down upon get shot at all day, everyday. Only when it happens to YOU is it a big deal, right?
Illinois loves the SAFE-T ACT so the shooter should have been able to go on her way with a promise to be better. Except this was for a LEGISLATOR – so the rules are different. Got it. Maybe elected officials will finally realize Illinois is a little scary after all – and it isn’t Republicans shooting people.