-- 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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Maybe JB needs to “stay the hell” away from the buffet table first.
I hear you can walk the streets of Springfield at night. Right Gub ?
“ Lucky” wants to be president. “ Lucky “ thinks he can be president. Nobody really listens to “ Lucky “. Poor “ Lucky “.
Then make the west and south side of CHIRAQ SAFE along with the rest of the city !!!
“Thar she blows” pritzker breaches once again,
as the whale boat he on, the State of Illinois
is getting destroyed by pensions.
with apologies to Herman Melville.