-- 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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Omg she talked to a white reporter
Funny how the democrats scatter when ole Joe comes into town. It’s almost as if they don’t want to be seen with him….
I thought this was going to be a fabulous Democratic Party with photo ops with the big guy, for a nominal fee! I haven’t seen any photos! Joe appears and everyone runs like scalded dogs. Lori planned her trip long ago. Never passing up an opportunity to sit on a stool and read to herself.