-- 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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Little late to the plate aren’t you Pritzker we’re where you at when the people needed you at your horse farm riding a donkey, the people of Naperville, Woodbridge and Darien were patrolling there communities to prevent theft why didn’t you call out the national guard to help out. I hope everyone remembers your malfeasance when election time comes around in 2022 and they tell you to pound sand when you come looking for votes.