-- 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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Another socialist progressive checkbox for Pritzkers presidential resume paid by the chumbolone Illinois taxpayer. And a big gift gift to the vile scum teachers union.
And indocrination camps for 2 year olds. Just another day in a progressive utopia!
I propose a new law … no politician can float a ‘want’ without a verifiable way to pay for the it and a plan to implement.
Too often the public falls for these kinds of political promises.
Misled chickens.
Sorry, the money is already slated to pay retirees. There is no verifiable way to pay. Just a lot of fiscal shell games.
Another set of unfunded mandates for the downstate school districts…just what we need.