-- 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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2 questions off past track records with Putzger. 1. What country they from ? 2 What waste do they pollute with ?
It’s spelled wrong…
It’s ‘Crony Chemicals LLC…
Follow the $$$
Yep. Pritzker’s buddy. Take from the poor and give to the rich.
So how much are we paying for these 130 jobs? Over the last year the state has been making it harder and harder to find out what ransom is being paid, and this is another great example. The number is not in the press release– probably for a good reason.
Yes, Pritzker, having a short leash on IL media, makes sure us chumbolones don’t know too much.