-- 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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Thats journalism. She just called out the Bears and has the proof they are just shoveling b.s. on everyone. Thank You
Good for this lady. Anyone who has ever done economic development work will tell you the numbers the Bears are floating around are a bunch of hooey. 56,000? It is laughable on its face. And of course the largest percentage of the permanent jobs will be cannibalized from the City of Chicago. What Chicago is goin to vote for a single dollar of infrastructure money to promote that job exodus?