-- 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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Yarborough can now hire her entire extended family, and her neighbors too, with nary a complaint from City Hall.
The (D) mantra is to never try to adhere to the current standards, but to lower them…
The race to the bottom has increased in speed…
‘Idiocrasy’ here we come…!
Disgusting. Yarborough is obscenely and deeply corrupt and fought and ignored the shakman degree tooth and nail. Maybe Kwamie Raoul could look into the corruption pit here?
Everything in Democrat politics is a spoil to reward allies, regarding of competence or ability to do jobs.
In Illinois its a massive RACKET that the corrupt Dems and their masters da public sector unions control for political purposes.
Mikey Madigan was da King but soon he will be in Joliet!!
Did you miss the Illinois Workmen’s Comp fraudster case “Jenny Thornley”? She had full support of both Pritzker and Raoul in defrauding Illinois taxpayers, a disproven sexual harrassment-based workplace injury case.