-- 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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We need to change to term “Free” to Taxpayer Funded. There is no such thing as “Free” – someone is paying for it and it is 99% of the time the taxpayer.
just another WOKE example of where the IL General Assembly seems to be putting its priorities.. Criminals and illegals come first… then the taxpayers who are bearing the tax burden. thank-you WIrepoints for continuing to show us why our vote counts.