-- 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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Union members: So what? Pay me!!
Chicago is being killed by the Unions. It is nothing but a Ponzi scheme.
This is right up BJ ‘s alley no more police since he was in favor of defunding them, calling all crisis intervention people, by the way what happened to them.
They are all sitting around in their neon vests soaking up that sweet taxpayer money, except for the one going to prison for taking part in a gang beatdown that landed the victim in the hospital with severe injuries and the likely loss of one eye.