-- 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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Nice of him to speak up now. Bayless could survive. I am sure he feels for the workers all across the country. Wish he would have spoken up in the beginning
Why now? Why not just drive all privately owned small businesses like these into the ground fully and run them off to other states?
Why not just rob the CARES funds that Trump gave to Illinois and refuse to pay those out?
Oh wait, you did that robbery already, right?