-- 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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I used to think that the suburban women hating Trump thing was wrong, but lately, a lot of my conversations inevitably involve a middle aged suburban woman in Chicago – in deep red places like Schnieder’s district – making some comment about Trump. It might be more true than I thought.
It’s unfortunate the number of people who believe what some talking head tells them. Just heard this morning that credibility bankrupt CNN hired that perjeror McCabe into its ranks.