-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Amazing story considering just the other day here on Wirepoints I read about someone upset about their taxes in Evanston. Who would have thought?
I live in Evanston and I’ve found that instead of getting angry about all the libtard nonsense, it’s better to just sit back with a big bowl of popcorn and “enjoy the show”. Evanston truly is the putrid petri dish of ” all things progressive ” …