-- Connecting the dots between our economy, government and business --
A rush to spend but no accountability.
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
It is only taxpayer money, so who cares. Governments job is to Fleece the taxpayer at every opportunity.
“A rush to spend but no accountability” Just another day for CTU and IFT. Bust these unions and school vouchers for all.
Nope. Busting unions is not allowed in Illinois. It’s their constitutional right. Stop hating on the constitution and America.
These incompetent, immoral, greed-crazed, soulless union trash need to be busted.
For $40 million they can’t even take attendance? Fraudulent incompetence on a massive scale…what else can you call it??