-- 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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Will the IL dept of human rights find for the complainants of discriminatory abuse, as a result?
Now he/she should be SUED PERSONALLY
Three years too late. Tyrants count on bureaucracy to delay process and allow their iron fisted rule to crush opposition.
Power hungry politicians acting like dictators and over stepping the authority they have. In the meantime perhaps $$$ millions of dollars will be spent to right the wrong. Not to worry, it’s not their money.