-- 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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This is just amazing. Where do they “find” $1.32B for this, but can’t find it for anything else to support actual citizens of this country. Or even better, make it better to live here, make people’s lives better who pay taxes or lower property taxes or something more than flushing it down the toilet. What a waste. Agreed, the Tax payers and Black Community has been played and played for years – this is being done right in front of you. Wake up.
This is their guarantee to stay in power
courting new voters
Again the Black community has been played wake up folks.