-- 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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Obviously Dumbworth doesn’t give two hoots what happens to Illinois.She is concerned about herself. She will put it out there that she has wounds from wars. Well most everyone has something–just can not always see it and people do not play the tiny violins all the time.
The two useless “senators” from Illinois are all concerned about power and money for themselves.
Illinoisans are not trapped…they voted for it.
Voter fraud.
This is a non issue. Taxes never go down in Illinois. Everyone knows this.
That is correct. Gotta pay for what was spent 20 years ago.