-- 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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Richard Porter, who acted in a disgraceful manner to Grassroots Republicans, some of them elderly is someone who should not be giving advice about anything. He has lead the Illinois GOP in LOSING. NO Thank YOU!
If you are so talented I suggest that you get out of your mother’s basement and do something for Illinois Republicans instead of just complaining and whining. Have you even contributed $ to IL GOP? Have you ever worked getting ballot petitions or knocked on doors for a candidate? I suspect the answer is no because bitching and complaining is easy and changing Illinois is hard work. Go back to Illinois Review with the other no-nothing losers.