-- 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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She can afford to take a fake moral highground on refusing to collect revenue on red light revenue simply because non of the $ go to state only to municiplalities. But has no problem intersepting municipalities tax revenue on behalf of all her public sector buddies. And sure she’ll have no moral qualms about collecting regressive gambling/ video gambling & pot revenue that goes state