-- 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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It is because she is in over her head , just like heels up Harris. It is what happens when a person is installed into a position based on their color or Gender. It is always a fiasco! And Chicago and Illinois Government is a huge fiasco!
Lightfoot has proven to be “Lightweight”, with only her trigger-temper, foul mouth, and SJW blandishments as noteworthy. Voters should know why her former law firm employer is still paying her a substantial annual pay-off, as noted in recent articles concerning her tax-returns. Normally our employers don’t continue paying us after we’ve left the firm years ago; there’s much more to this story that needs to be disclosed by media.
It sounds like extortion to me!
Really no kidding takes lessons from good old Pritzker