-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Anyone with the price of a tank of gas should consider leaving. They and their families with be tens of thousands of dollars better off in a few short years. Also, get a better education and live in a safer environment. The quality of life is falling at a increasing rate.
You need to stay and support Guv Pigchops belly. Mark can’t stop my free speech.
Da Judge has ruled!
Mark,
FYI, this is not the original “Da Judge“.
I think George Wooden Teeth has hijacked my WP Da Judge handle.
Not sure why he had decided to act like a 5 year old.
Goes around comes around
Pugsley the census denier says Illinois is actually growing thanks to abortions and child sex changes