-- 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
Hmm. Less time to work and create problems. Apparently no time to put Flounder in check and keep him from destroying livelihoods and lives.
Yet they receive the same pay.
Private sector should be so lucky.
Proves one thing, Springfield you are non-essential don’t ever come back we don’t need you or for that matter like you adios boys and girls, oh by the way please refund all your pay from March 2020 till dec 31st 2020 and effective immediately all pay is suspended until further notice, how ya like them apples Springfield!