-- 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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Is his wife Dr. Quinn Medicine Woman? Asking for a friend. Seriously didn’t Quinn say when he was governor. Why is Illinois in the pension business? Does anyone know what he said?
Quinn has no idea of what an actual job is. Sucking on the public teat is the only thing he has ever accomplished in his life.
Ex Gov Potato Head needs a new hobby besides prank election campaigns
I’d prefer that Pat Quinn just runaway and never come back.
Pat Quinn showed his true colors when he appointed a house member Holbrook in my district to a cushy state job that spiked his pension right after he voted yes for the state income tax hike. Quinn is just another tax and spend Democrat despite his claims otherwise.
On the other hand if it were between Quinn and Lightfoot I would think quinn would be a better choice