-- 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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Madigan’s ventriloquist dummy Miler slinks back out of his rat hole. Will anyone listen to his Pravda media blathering?
I wonder if Rich Miller endorses the smartest and most effective “behavioral health infrastructure” – functional families. Probably not, no money for his grifter buddies in that.
After having read some of Mr. Miller’s prose, I wonder if he’s on the waiting list.
Just askin’
Interesting. Rich Miller finally found out what everyone here already knew. JB doesn’t have a plan, he just likes to hear himself make grandiose statements about incredibly complex problems and promise to throw hundreds of millions of other peoples money at the issue. As a state with one of the highest total tax burdens in the country, Illinois should already be leading the way in addressing the behavioral health needs of residents, as well as many other issues. But all that tax revenue ends up going elsewhere. We all know where that is.