-- 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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So what is this mental midget’s plan to make the Postal service solvent?
Sell it. %95 of my mail is garbage of one type or another goes right in the trash.
Where does this guy live? The news just reported that mail was due, not delivered. He certainly doesn’t represent taxpayers.
If noted northern Illinois imbecile Raja is complaining about something, it must be good for the taxpayers.