-- 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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This will be appealed and the criminal illegal immigrant loving Democrats AKA Communists will lose. Period.
Apparently Illegals have not killed enough people in Illinois, the only if it saves one life is now maybe 100 or 1,000?
Surprise! Another bought IL judge steps in to thwart any attempt by the Feds to get a handle on the illegal immigrants mess.