-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Good for those S.C.s, but many in their legislatures are still full IN with the covid-con. They can’t let go of promoting the fear and wanting to continue to rule the public with it. It’s all over reps’ newsletters and local commercials.
Integrity is a needle-in-the-haystack of the political power dog pile.
Because IL is clearly the crappiest state in the midwest.
Almost say the entire country –but– there are those states–NY, Michigan, California and a few others that are on the same level as Illinois. Could it be the person at the helm of the states?—Yes