-- 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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Ice needs to come to Orland Park and Tinley park.
Oh, come on! Diversity has worked out well in Dearborn, MI and Minneapolis, MN, hasn’t it?
They need to come to central Illinois. I’m all for LEGAL immigration. But if you are still an illegal after being in our country for 20 years you are not planning on becoming a legal citizen. If you came here the legal way and started the process of becoming a citizen almost immediately, I would totally support you. But every one is a criminal plain and simple if you didnt come to this country through the proper channels, and they need to go. They have no care or respect for the law and we do not need any more of… Read more »