-- 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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Regarding the paid leave mandates, any school district or park district that signs on with that is in for a world of hurt. You know any flexibility will be quickly removed once the mandates are locked in. Taxpayers will pay for this handout, and ultimately leave as taxes go up. It would be wise to avoid investing in these areas.
Cut services for the LEGAL American’s to give money to the ILLEGALS, yep says it all!
Welcome to Crook County.
I’m gonna move to Mexico and see if I can eat Mexican food from here on out for free…