-- 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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There are adults in the room in Springfield? Who knew. A plan that throws money at the problem without fixing the cost side is the usual kicking of the can the silly kids in Springfield usually opt for.
To make up for the higher tolls on the road, people still reading the tribune might want to consider canceling their subscription.
Both Times and Tribune they are sad examples of
what use to be called “ newspapers “, the rags we
have now should known as democrat ass wipe.