-- 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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If he is blaming millionaires and billionaires will he accept that blame because you know he has tons of money socked away someplace. How else can he have homes and “working farms” all over the country and outside the country. That is it–he must have money in off shore locations. He has also benefited from shutting off the toilets in one of his residences. Somehow he was able to pay for the workers who went up to his Wisconsin place and also for him to travel to Door County this past summer when he had Illinois under lockdown. So he… Read more »