-- 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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Johnson is in fact dumber that he looks
Congratulations to the morons who vote for these numbskulls. You get what you get. This should not be a surprise, this guy told people what was important to him before the election. Good luck with that now…
It is not nice to talk to Public Union workers that way.
Too many are stuck in the ‘micro’ – an inward focus on their own little world…
When they need to be in the ‘macro’ – an outward focus on the big picture…