-- 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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Funny, Chicago is on my advisory list, the threat of death from lead poisoning on the streets is too great.
Its amusing that Larry and her minions think anyone pays attention to this BS.
Ha ha
Lightweight thinks her edicts carry weight with whom exactly? Trust me, every other state has issued advisories for their residents to stay out of Chicago. They note that the expressways are to be avoided, particularly during the day, when the gangbangers hold target practice.
A CDPH territorial imperative! Attention! Lori and the loonies have spoken.