-- 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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Here is da explanation on why your property taxes are so high and are going higher in Crook County;
Illinois Dems gave away da house to their masters da public sector unions. These hard working Crook County union slugs all need to retire by age 55 with a $100K pension, 3% COLA and free medical.
Where it’s going? Pensions and health care for retired public employees…..
Does it explain why bills are going out 3-4 months late again?