-- 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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These people do not belong here…..Ill can not afford them……..send them back home and take care of the citizens that pay your salaries and the bills of this state and city…..enough!!
Only 3900 South? Wouldn’t 10,000 South be better for the dems and their convention/party/coronation? The further you can push dissenting voices away the better, right? I can walk 4 miles to the United Center in an hour easy. 10 miles, that’s a hike.