-- 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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He’s just another two-bit phony in a long line of Democrat pols who get a great headline and then do the opposite. How any times have we heard the same BS and seen the same modus operandi re ethics, gerrymandering, term limits, campaign finance reform, and on and on And Illinoisans never pay attention to the lack of follow through.
Pritzker is toxic