-- 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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You can vote with your feet and get a pay raise. Leave the State ASAP.
I think that lots of people who voted for these politicians don’t care that they raised their own pay.
Why not? There’s lots of money. State’s in great shape! Pritzker says so in front of every media camera-n-microphone-n-reporter he can get in front of.
If JB was lying, he wouldn’t get away with saying those things all the time, would he…..