-- 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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Good articles at http://www.illinoisrisingaction.org.. Video on JB pops up.
Quit paying those jokers $38.52 an hour as the payroll database shows, and the money will stretch a lot further.
Most all cops, teachers and firemen get a pension larger than that and they do not work.
More cops on a pension than on the job.
More Firemen on a pension than on the job.
More teachers on a pension than on the job.
More poor honest hard working taxpayers on the job than all of the above. Always has been and always will be.
Or, simply allow the repaving & pothole filling to be competively bid to private contractors. The way city replaces sidewalks is beyond rediculous if you happen to live in city and have observed.