-- 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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The fat slob is talking to the bond market, not the taxpayers
The spending bills were cut –seriously? How does someone born with a silver spoon relate?
He wouldn’t know how to cut his food budget–and obviously does not–the girth !!
At least he isn’t talking about raising income taxes on everyone like he threatened before the “fair tax” failed. The voters put a scare into Jelly Bean.
I’m sure JB has recognized the error of his ways. He will immediately start cutting expenses and identify ways to cut pension payments. Too funny. No one is going to talk about tax increases any more than necessary. Don’t you worry though tax increases are on the horizon.
And just another so called cuts that really are cut in increased spending. However most Illinois voters will follow it all hook line and sinker…the Illinois way.
eliminating vacant positions, another favorite ruse disguised as “cuts”…ugh
Really, behind the scenes again just another deflection on your part Pritzker, if so release to the taxpayers of Illinois as to what is being cut otherwise keep your fat mouth shut you incompetent clown.