-- 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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Illinois is being mismanaged by a group of Chicago Democrats who behave like crack addicts looking for their next fix.
I guess JB’s warm wishes for the President and First Lady to make a speedy recovery lasted about as long as a triple cheeseburger on his lunch plate.
He consistently degrades the President while asking for a handout for his incredibly mismanaged state. He is beyond arrogant.
No absolutely no chuckles get your HOUSE (Illinois) in order