-- 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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Not really. There is another option,one many Millennials avail themselves of: they are simply welfare tarts living the irresponsible high life in the liberal state of Illinois. As a whole, Millenials have a well deserved reputation for being lazy, shiftless, and unreliable in the workplace. Obviously there are many exception to that rule, but it is also obvious it applies to a great many of the Millennial generation. So in the great welfare state of IL, I am sure may of them are doing perfectly fine,sucking off the life blood of their Millennial brothers and leeching off other generations. I… Read more »