-- 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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Thank you democrats and governor. If it was up to repukelicans the working man wouldn’t be able to take a day off and would be working 16 hours a day for $2 an hour. The workers rights amendment and now paid time off. Great job Illinois. The workers appreciate it. The corporate boot lickers hate it but who cares.
Do you hear that loud sucking sound? It’s the sound of layoffs and job relocations out of Illinois, as they go to Indiana, Iowa, Wisconsin and Kentucky. Enjoy!
Let those states have the employers that pay lousy and don’t offer a decent wage. You enjoy the taste of that boot and a race to the bottom.
LOL!
Wow, it’s amazing how out of touch you are with reality.