-- 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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“Justice-impacted individual” is an ill-conceived phrase. Eventually, we’re all impacted positively or negatively by justice, so we’re all justice-impacted individuals. The State of Illinois uses only the brightest minds to think up these phrases.
Did you expect more from liberals?
And if so, why?
Face. Palm. x 100000
There seems to be no justice in Illinois…
Does that make me a ‘justice impacted individual’…???
Calorie impacted governor keeps giving wedgies to Democrat impacted residents
Re Bill 4409: How about being transparent and changing “ offender “ to “ thug “, “crook “, “ lowlife “or “ habitual criminal “. Dems are big on transparency, no?