-- 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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I got it – Have the state create more phony public union jobs!
Why isn’t governor WIDE-LOAD bragging about this He certainly likes to brag when a hotdog stand opens up
Does this include jobs from the soon to be shut down battery/ev fiascos our tax dollars have been squandered on or are they to be added on top of this?
I wonder if Pritzger will include this info on his application to be a presidential candidate
This story should get more attention but Pritzker and the Democrats will bury it.
Illinois has done its best to discourage business. Texas and Florida are just booming with business because they welcome business. Basically, anywhere is better than Illinois. Such a shame, a once great State has been ruined by public sector unions greed.