-- 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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Typical reply from a Illinois agency, Blame somebody else right Pritzker always somebody else’s fault. Other than voting him out of office, how can this incompetent fool be held accountable for this, I’m amazed that this has not hit the courts yet with a massive class action lawsuit. Pritzker you have destroyed peoples lives and you need to pay dearly for your misdeeds, you are the worst politician I’ve ever seen.
Sorry I screwed up I called you a politician Pritzker , meant to say biggest donkey I’ve ever seen!