-- 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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Oh boy, time to shut corrupt Springfield down have a special election get rid of all you pieces of SH_t Democrat party needs to go, and republicans , nobody to be trusted. People of Illinois need to take a stand now. END THIS POLITICAL BULLSH_t. We the taxpayers own this state.
This will be really interesting in time to come, Durban madigan who knows how deep this goes.