-- 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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Start by recalling the IL Dems that voted against deportation of illegals that have committed crimes. Casten, Foster, Underwood, etc -the usual suspects.
Even crazy California allows for a recall vote. IL politicians shouldn’t have anything to worry about if they are doing their job.
Haha good luck with all the currupt dems in the supermajority never get to the house floor
This, like term limits, likely has a snowball’s chance but both are needed.