-- 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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Just got my direct deposit for $600 tax rebate. Thanks Governor Pritzker. You got my vote.
Remember what I said earlier? Most will not get $300 but that number was always pushed but the words before said “up to” in small letters.
The checks will be out on Nov 7th with the LoL governor JB’s picture on it. To a person paying 10,000 to 20,000 in property taxes with no children in school. That will surely get people out to vote.