-- 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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Pritzker is not to be blamed. The public sector unions have left him no choice but to raise taxes higher and higher. Just follow the money and see who is getting the bulk of it.
I don’t think I’ve ever heard Pritzker address the high unemployment rate in Illinois. And I don’t think I’ve ever heard one of the so called journalists ask him about it either.
JB made it real clear long ago he doesn’t care about IL or the people……all he cares about is climbing the power ladder………get smart vote RED