-- 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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Would that make it 3 or 4 government pensions for Mr. Quigley?
Sounds like he’s an addict for our money.
He’ll be 67 this month, aka retirement age for many of us. Maybe he could become Chicago mayor for a few terms, then retire. Around 80 years old seems to be the sweet spot, or maybe too young, to retire as a bureaucrat feeding off the taxpayers for many years.
Before we judge let’s ask Stacey. Shes running the city what she thinks.
I have always thought that Quigley is a brainless rubber stamp. Now he is proving that he is even dumber than I’d thought.
Quigley is a dwarf weasel, he grabs the leftovers that the big boys drop.
on second thought he being mayor could not destroy Chicago more than it currently is.