-- 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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Amazing how the numbers are manipulated every day, test 12,000 one day jump to 29,000 next day and so on. This man thinks the people of Illinois are stupid, what is this mans grand plan, get off your fat a-s and start touring Illinois, come face to face with your peers that you have signal handily destroyed, if you have the balls, which you don’t because you know you will be eaten alive by the hard working people of Illinois.