-- 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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Nobody will miss Casten, because he never does a damn thing anyway. He’s all talk, no action. As for prune faced Jan, her response is comical. A feather could knock her over. No one is afraid of you Jan. Absolutely no one.
Durbin and Duckworth are an embarrassment and need to grow up. Trump won and they should be working for all US citizens. Both need to resign. Casten can go too. He does not represent the southwest suburbs at all. He voted to block a law prohibiting non citizens from voting in Washington, DC. That speaks volumes for who he does represent.