-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Welcome to the illinois–jb/madigan machine dictatorship…and they accuse protestors on the right of being nazi’s???
Good rule of thumb with progressives: 9 times out of 10 they are whatever they accuse their enemies of being. Perhaps “projective” would be a better term for them.
Mike–i dont consider the illinois dem machine to be ‘progressives’,,they’re just self serve users who will pretend to be for so called progressive ideals if if helps them line there own pockets… i call em the self-serve-ocrates
Greed would not be a goal of someone who is truly progressive.