-- 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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Well, so much for the claims of transparency. Any elected public official who signs a NDA and then hides behind it should be removed from office, either through recall or being voted out. This type of behavior is completely unacceptable and needs to stop. It appears that would be Senator Slotkin has lied about signing the NDA, and hopefully Michigan residents will hold her accountable. Now we need to know what is going on in Illinois with Gotion. Have there been NDAs signed here?
Crooked deals and politicians being evasive in the land of Whitmer? Shocking, just shocking!