-- 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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How do I sign up for this program
Hmm, I’m an actual nonPOC American citizen that pays taxes. I live in Detroit but used to live in Chicago. I’m senior citizen too.
Could I self identify as an impoverished illegal alien residing in Chicago and be eligible to participate in this program?
An extra 5 Benjamins would pay my car note, bar tab and allow me an occasional blunt
“…nonPOC American citizen that pays taxes?” Sorry, don’t waste your time applying – nothing for YOU, Old Joe taxpayer!