-- 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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Pensions costs will ruin everything they touch. Get out of town while the getting is good, or should I say get out of the State while you still can sell what you have to a poor misguided soul.
I know there’s still some good people left in Evanston, and I feel sorry for them, but the majority of the Evanstonians are ultra woke and voted for this, so full speed ahead.
Play stupid games, win stupid prizes!
Evanston resident, that’s your cue to move the heck out of Evanston and maybe, Illinois.
But you are giving reparations checks !!!