-- 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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Top notch security costs money and doesn’t generate votes, maybe next time!
Disgusting, will Illinois ever get anything right, ever since Pritzker took office it’s one thing after another, States attorney hacked, IDES hacked now ISP and who knows what others that were not being told about. Pritzker you know all these systems were and still are antiquated but did nothing about it you would rather blame others for your malfeasance. You are more worried about illegals and there rights, and BLM, you are a total disgusting individual Pritzker, 2022 vote this tyrant out of office I don’t care if Mickey Mouse is running get rid of this man.
No, never.