-- 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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He would have stolen more stuff, but he was laughing too hard to carry any more stuff.
Mr. Berlin barely pushed back against this law. He did not join the other States Attorney’s in suing the State. He worked with the Dems to fix some bugs in the law and now he is complaining about it? This is the best we can get to represent the people in Dupage County.
Illinois is now an international joke thanks to IL Dems and their Crime Purge law