-- 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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If that’s a criminal act they need to indict virtually every last union member then, since they all do little or no work. (Donut runs are not “work.”)
What IS it about this state?
You would think that with the “good old midwestern values” and such baloney that there would be more upstanding “public servants.” But over and over again, stories like this confirm that these people are greedy, self-serving predators, whose only talent is how much they can bilk from others.
Why are the voters here so delusional and compliant? Is anyone out there?
Hey, corrupt D is better than R, always, because Orange Bad Man.
I love the NPC meme. Your twist on it: “Orange Bad Man” is actually a bit funnier (for those don’t know, the original meme is “Orange Man Bad.”