-- 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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Hope CTU does not forget about eliminating global warming/curing cancer/curing diabetes/high cholesterol levels/plus peace and good will for all mankind. P.S. Eliminating Red Light Cameras and no more property tax’s ever for all in Illinois and Gordon Ramsey cooking for the kids.
Since when did the working class ask for the CTU to look out for their interests? When was this election? Did I miss it?