-- 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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Hmm.. opposition from the aforementioned groups and also the alphabet people as well, it has been reported. Wouldn’t want to limit access to these groups target audiences, would we?
If it was like buying liquor that might be one thing but birth date, hell no.
Certainly will buy my next phone out of state.
And the next thing they (politicians) will try and charge you a tax to bring the phone into Illinois, just like when you purchase a car out of state and then register it in Illinois they charge you a sales tax.