-- 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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JumboJB doesn’t listen to Republicans. The article has a number of comments from Republicans recommending additional controls, that seem to make a lot of sense. But, this joke of a governor did even listen and plowed ahead with his own idea and only did half the job. That’s not what a state needs in a governor – that position needs to look at all the information and input and get to best solution for the people…not just one that promotes himself. Schmuck.
Tell us again how you’re the main person looking out for us,JB. I know we are overwhelmed with no- info voters, but, this is getting embarrassing.
The safe T act needs to be repealed.