-- 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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I would have cheered Fauxcahontas had she squealed about jailing people for bank fraud while on stage with Schakowsky
Schakowsky also endorsed Hillary in 2014, well before the full field was even announced, let alone vetted. I wouldn’t put much stock in her rubber stamp.
https://projects.fivethirtyeight.com/2016-endorsement-primary/#endorsements
Both of whom are septuagenarians and refuse to give up power; they only seek more, adopting more and more progressive positions to pander to their constituency, betraying their core beliefs, all for the pursuit of raw power.
In the 60s, the boomers stuck it to the man. Then they themselves became the man, with disastrous results.