-- 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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Ha! Totally predictable, he has the unions and himself at a table, any taxpayer representation at that table is impotent or gone. We are toast.
obviously the jb tax/budget plan will be the martire-ctba / dem machine plan. a new revised ramp into infinity based on fake accounting math. the st, wttw, civic fed, cairns-hinze have all legitimize the mr martire and his math and love to have him on wttw every 5 min to assure all the lib-tard base everything’s going to be ok. one recession and it will all collapse. wp & tia–keep exposing the fake accounting math!!!!!!
when people ask me my politics, i tell them i’m a wp / truth-in-accounting INDEPENDENT, who’s major issue is ending cash accounting in government!