-- 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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Good for Orland Park! Screw you JB
We need more of this at our local levels. We need more towns, villages and cities to take a stand and stop cowering to the over reach of this Governor.
All smoke & mirrors by Freddie.
Make him take the stand.
I forgot, the Illinois legislature is corrupted. The USSC? they too.
God help us.
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Make the legislature & governor PROVE that any of these mitigation measures work like they claim they do…
But they won’t hold hearings because they know the true data is against them…
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