-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Wise judge – thank you!
That was fast. Suck it JB.
Democracy has been saved!
Again the democrats have caused nothing but chaos and confusion. Illegal in this county, legal in this county, illegal in this store, legal in another be a good guy but walk 20 feet across a County line youre a felon etc. Just chaos over a law that will not solve anything.
This should be expanded statewide in the next judicial hearing. There were multiple lawsuits. Kwamie will be busy spending the taxpayers money to defend this garbage.