-- 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
It’s better than seeing a bunch of mean tweets.
Time the “sanctuary “ city in this “sanctuary” state pays the piper.
Did they really think all that virtue signaling was free?
Stupid chickens! (My apologies to all chickens- they’re a lot smarter.)
How do you “contribute” to a deficit?
By stealing of course! A practice well known to Cook County Dems.
And I thought it was the overly generous pensions. Goes to show you what I know.
The migrants will get work one day and contribute tax revenues. The Pensions grow like cancer till they kill the patient.