-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
How about we see how things go in NY before we do it here.
HMMMM……..NY GOV IS NOT THE SHARPEST NAIL IN THE BOX………PROBABLY WHY CHGO TOOK ITS Q FROM HER
And who the hell are you union boss
One of many that instructed his minions to vote for Joe and should, along with his workers, should enjoy the results. Elections have consequences.
And who will search the bags of transit customers? Police? There is this thing called probable cause that is clearly outlined in the law. So I guess the union boss is demanding that riders civil rights should be violated. Searching someone’s bag isn’t the solution to anything. Get shoved off s subway platform in front of a train, thank goodness there was a bag search. Get mugged by a gang of 3 or 4 thugs and be beaten to a pulp, thank goodness for a bag search. To the union boss I say, SHUT UP!
He is only concerned with the safety of himself and his workers so that they can continue to contribute to the unions coffers. The actual riders that pay to use the system are of little or no consequence to him.