-- 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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How about legislation funding the stadium if the state balances its budget 3 out of 5 years (including the cost of the stadium)?
What part of the state is f… broke don’t they understand?
Add post-season appearances and I think they might be onto something.
LOL this is how stadiums get built, along with teams moving. Bears are out of their mind if they think the last three seasons with 3 wins, 7 wins and 5 wins will convince anyone other than St. Louis or London.