-- 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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Ss has been said before, Cook County does not have an income problem, they have a spending problem.
Nice! Pay up all you libs that voted for Waddles , Six Percent and Taxwinkle that are leveraging your white guilt.
It’s not the voters fault. They couldn’t have done anything to prevent this. We need to stop blaming the victims.
Did you buy it when your kids tried to blame everything on their friends?