-- 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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Chamber Of Commerce will sell out voters to save their balance sheets
It seems the more a government (city, county, state, etc.) mismanages taxpayer funds, the more we hear about fiscal cliffs.
Well he’s certainly boosted the crime numbers. Is that what you mean?
Gaeeek Scoff. What a shameless bootlick!
“… we’re looking for reforms before revenue …” But reforms require revenue. So, in other words, we’re looking for revenue and then more revenue. No problem, Chicago taxpayers have infinitely deep pockets.