-- 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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Spent it 20 years ago
Wishful thinking
It is time to give private sector businesses and taxpayers tax cuts.
Roll back some of the increases aka License plate renewal.
Will NEVER Happen.
“The best is yet to come”
Unfortunately you are correct the best is yet to come as you stated, sad thing there is nobody that will monitor the spending and dispersal of these federal bailout monies. As we all know they, corrupt Illinois politicians will lie to every signal taxpayer in Illinois that they used the monies as directed, and what’s funny to me is that the fickle ones in this bankrupt state will believe everything these politicians say.