-- 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
The unions have already put a line in the sand: No government employee should lose even one hour of work to balance the budget.
And it’s the GOP who must be responsible. The Dictator’s reliance on tax increases before they’re passed, his refusal to make any cuts earlier, and his budgeting imaginary funds from the DC Money Tree were an example of responsibility.
The Dictator does not need nor want a willing partner. Why would the Democrats need a partner when they have the governorship, supermajorities in the legislature, the courts and the media. The Dictator doesn’t want a GOP partner, all he wants is a GOP he can bash and blame
The nimrods over at CrapitolFax want JB the Hutt to penalize southern Illinois since it was the GOP that caused the fair tax to fail. They don’t realize that if the Dems had simply voted for it, the GOP was powerless. Typical of that lot.
The poor Dictator! Government should never have to cut anything from it’s budget ever!
Mike Madigan and the Dems have run this state into the ground over the last 35 years. Now they are complaining that Republicans aren’t volunteering to fix it for them?
There is a way to cut out his frustration–Step down jag.