-- 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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Solve the Pension Crisis (it is a CRISIS) with a U Haul.
Illinois is a goner, burnt toast. It will never solve the problem and it will only get much, much worse.
The Greed of the government employee is over whelming.
They all move to Florida and buy expensive homes, expensive cars and go out to dinner every night on the backs of Illinois Taxpayers.
Run for your economic life.