-- 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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This is all more reason to leave the s### of a state.
For people who thought there was a slim chance of Illinois not becoming a Leftist Democrat ‘utopia’, forget it. Further gerrymandering will balkanize Illinois. And the ace in the hole against those pesky requirements for a majority, Democrats now have ‘drop box voting’ – they’ll never loose on a statewide election again. So Pritzker will get his massive income tax increase.
Throwing a temper tantrum as well as a calendar. Sounds about right for the super minority party. Don’t like that bills aren’t advancing then start winning some elections. Start by offering a platform that Illinois voters support. Pathetic whiny children.
You write “bwahahahahaha” on another comment, then accuse others of acting like pathetic children?