-- 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 riddance
I have to disagree with the author that Dr Ezike deserves our gratitude.
Anyone in a position of power like her could have pushed King Prickster to scale back on mandates and provide data to the public.
ALL of these tyrants and their court jesters must NEVER be forgiven for the damages they have inflicted on all Illinoisians (they deserve a much worse fate that I will leave to your imagination)