-- 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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How about no taxpayer money for illegal-directly or indirectly through “funneled” money?
The Civic Federation instead of that riveting statement, should have sent out white flags
that the homeowners could wave, enough
is enough.
Everyone in the county should just not pay their bill, I suspect a whole lot can’t anyhow.
To summarize: “Somebody should do something.” Thanks for nothing, Civic Federation.
Now they have something to say? Where have they been for the last 30 years?