-- 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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“Businesses with at least 1 worker”. Yes, must prevent that worker from harassing him/her self. Can’t wait until May when we can leave this trainwreck state.
What about Springfield did you include yourself in this bill, since you idiots started this. God this state just plan old S-cks sorry but look at yourself in the mirror Springfield ok Mikey