-- 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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Why not legalize prostitution also (I know the politicians don’t want to be licensed to practice their craft).
Seriously with legalized pot, prostitution, gambling and all the murder sin Chicago it is like Capone is back. Go Illinois.
Come to think of it,with the way Illinois is run by unions it is like the Mob boss never went away, maybe Madigan is simply part of the chain of command.