-- 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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Truly a tragedy in the making. Do some homework on the situation down there.
You have a democrat as parade marshal leading the union on theme inspired do away with right to work amendment. There is Duckworth and Parkinson threating EPA action and restoration of the land if they leave. Why wait if there are violations? More Lack Of Leadership in this state.
They should carry posters in the Labor Day Parade, My Home Town. Read the lyrics, “foreman says these jobs are going boys (and girls) and they ain’t coming back”.
Get out and vote! Keep our towns growing.