-- 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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Let congresswoman Delia Ramirez do the math. She was great at estimating the migrant costs.
“… wouldn’t say how much it will cost taxpayers.” That’s OK, because IL pols’ cost estimates are often found to be way under-estimated. Missing the target by 100 percent is a pretty good cost estimate for IL pols. In other words, their estimates are meaningless.
“According to the Climate Plan statement, implementation of the plan is voluntary.” If the plan is voluntary, why do you need a plan at all? This was put forward to make it all seem reasonable, before they make int mandatory….and expensive to the individual.
Just what we need. Over 100 Illinois counties coming to the rescue to save the planet. How lucky we are to have these superhero climate experts right here in our own Kane County.
What climate change?