-- 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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Casten is and always has been a chicken shit twit.
With the insurrectionists pounding on the doors of their HQ, if they’d have used Casten as a door stop he’d finally have real purpose.
Alas, he remains the boat anchor at the swim meet.
There awfully afraid of some lately.
Did they find Sean hiding under a desk or in the closet? He’s awful.
Casten’s demeanor now vs Jan 6. Discuss.
Such a smart ass you are. You should be with Wirepoints.