-- 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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Great! I won’t have to move to another state now.
What a crock.
He’s definitely high…and a dreamer that believes the glass is half full. As George Carlin said “I’m not a glass half full nor half empty kind of guy but the one that says that the glass is twice the size it needs to be.”
Whatever drug this guy is on should NOT be legal.
Its the water
You gotta love that conclusion: Time for more government spending!