-- 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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haha. That would assume the money goes where it is supposed to.
So, more billions from the taxpayers Pritzker is the gas tax going to drop, is the vehicle sticker tax going to drop along with all the other taxes you have imposed on us the taxpayers, probably not because you and your devious minions in Springfield will steal every dollar from us the taxpayers.
The amount of bribery, corruption, bid rigging, nepotism and other assorted hanky panky by Chicago/Cook County and Illinois democrats will be massive.