-- 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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These people are so stupid they think Zionist is a slur.
In a just world, these seven dopes would have their suit tossed out and each would receive an order to pay a proportional amount of the defendant’s legal fees.
This is JB the Hutt’s Illinois, so it isn’t, and neither just result will be forthcoming.
Hit the nail on the head!