-- 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
All my ex’s live in Texas!
Lee. The bald, black cop hater Kennedy. The con tasked with running an office with a 5M budget and four employees. The newly created position of licking the backsides of illegals entering CHI. Panicky must’ve learned his staffing skills from Joe.
Article doesn’t state if Lee pays all taxes as Chicago Illinois resident? or Texas resident?