-- 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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One of Rauner’s problems is that Pritzker’s vagueness has become one of the key political virtues as election day draws ever closer. ++++++++++++++++++++++++++++++++++++++++++++++++++++ Another of Rauner’s problems is that he repeatedly lied to the Republican conservative base, embraced tax payer funded murder of babies, made IL a sanctuary state for illegal aliens,made IL a state hostile to business people of faith, believes hate laws are just, allowed communities to be flooded with third world refugees, promoted gay marriage, used taxpayer money to bail out Chicago, wasted taxpayer money on ridiculous infrastructure projects for blighted communities, bolstered public schools who should… Read more »