-- 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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Afscme, mendoza, mautino fought like crazy to get rid of/ discredit rauners attempts to countract out medicaid billing (to m. Shepell), audits, updating antiquated computer systems, etc,, but now want to blame everything on rauner sa usual. Who knows who to believe? But other states have outscourced many of these services. Maybe they can call in dorthy brown to strengthen things out!!