-- 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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I’m sure most of these jumpers are neurosurgeons/orthopedic surgeons/airline pilots/computer experts/doctors and nurses.
Oh Dick, you’re such an awful piece of work aren’t you? The Dems have created an epic disaster with their wide open border policy. Even Pritzker hits the panic button every few days. You can try the old misdirection play if you want Dickie boy, but everyone knows the Dems blew it on immigration. Anytime you’re looking for someone to blame just look in the mirror Dick.