-- 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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Thank you Illinois Progressive Caucus!
All in Biden’s plan and the DOJ resign now and no charges will be brought against you go off into the sunset as a hero. Absolutely sickening how Springfield praises this man and the job well done attitude about him.
Inevitable…now where is the indictment?
Like LBJ and assorted other Democrats that run away from facing the voters after it becomes totally apparent how they destroyed things for the benefit of the Democrat party.
Nothing new here…life goes on in Illinois.