-- 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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So many of us who have lived long lives know it’s not a good idea to bite the hand that feeds you. I guess some people in Illinois haven’t learned that lesson yet.
Crony Capitalism isn’t GDP.
If your “economy” is that dependent on government spending, you don’t really have an economy. You are simply robbing Peter to pay Paul.
Please cut additional federal funds, make
Brandon get the vapors and Pritzker go somewhere else.