-- 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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Just think of the innovative ways Putzger could use a national budget if he was president. Thank God he doesn’t have a chance
Maybe taxpayers should take Democrats to court to prevent this robbery. JB can cut spending and stop funding illegals to close the gap. Gas tax is for roads, not left policies.
A never ending annual gas tax increase and bragging about a major infrastructure rebuild while stealing those funds to advance multiple “pork” and pet projects of the democrats. A balanced budget for 7 years is bragged about by the voluminous governor when in fact thats a lie and another scam. The stste is in debt , deep debt, because of unrestricted chaotic spending and who is to blame, the super majority party and stste leadership all democrats. Wake up voters in those 6-7 or 8 counties that vote for these people. Wake up Cook Country and Chicago voters you are… Read more »