-- 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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Wait a minute, pritzger doubled the gas tax and added a never ending yearly gas tax increase that raises hundreds of millions of dollars a year. Fat Man continues to brag about the thousands of bridges fixed and roads repaired, where the heck are all those bridges and roads if Harris isnt happy? Ain’t she supposed to be the “border czar”? Never ending parade of clowns from the democratic party.