-- 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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Just another typical vote buying scheme by the Illinois Democrats.
Start with getting the illegal aliens out.
I hope having all that participate in the program reregister will help end the fraud. I mean errors.
IL had to have its arm twisted to reveal the amount of fraud in the first place. Take any claims by them as to cleaning up the system with a box of salt.