-- 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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Great, another “unbaised” Democrat. Sorry, until the Libs reign in their own it is hard to extend the “innocent until proven guilty” standard they so glibly discarded. Jussie S. anyone? (just the teeny tip of the proverbial iceberg)
Can the writer of the article tell the people of illinois about the two investigations that need his attention? Was the former investigator involved? I would like to watch this tax grabber (his pensions) to see what progress he makes on these investigations.