-- 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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More unemployed in Illinois adds to the army of people already dependant on the government for living expenses meaning more Democrat voters coming right up. To a D; what’s not to like?
These issues — of Illinois being a job-repelling mess — should be the issues in the IL GOP Governor campaign — not the dopey he said/she said vomit ads that run on TV 24/7