-- 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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It just never ends, more indictments again and after Pritzkers budget speech today, it’s time to just let the ship sink, drown, whatever. Priztker you just don’t get it do you, it’s everybody’s sand box to play in just not yours you can’t have it your way all the time. THIS IS NOT BURGER KING hold the pickle hold the lettuce special orders don’t upset us. But yes they do jabba, you are destroying families lives by your poor governing.