-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Of course he confirmed the projects – it’s the Illinois Way.
Fixed the headline for you:
“Pritzker Keeps All Of Crooked Madigan’s Shady Infrastructure Scams”
You’re Welcome!!
Wow, talk about a lightning fast review. Almost seems like it was a foregone conclusion. If only the rest of the State of Illinois government functioned so efficiently, then we wouldn’t be so screwed up and fiscally insolvent. Right Jabba?
Take the bribe money from Madigans pocket and put it in Pritzgers
Spineless bastard