-- 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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They can’t get the nominees right and these bureaucrats can be trusted to get the count right?
Schuyler county is run by Trumpians. They can count up to twenty if they take their shoes off. Anything after that is suspect.
We are lucky these hillbillies figured out the Dem candidates. At least you have the winners on the ballot.
Wow … name calling and ethnic generalizations.
How telling.
Your comment fails to address my concern, but that’s okay, your comment speaks volumes.
You made a generalization about government “bureaucrats” and now you are upset about generalizations. Were you clutching your pearls when you typed that? Wow. How Trumpian of you. Very telling.
Not all government officials are the problem. This area is infected with Trumpians. It’s only natural that they struggle to get it right.