-- 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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No pension bailouts. Period . Let it all collapse its all corruption.
The author is myopic if he thinks Federal laws and rules will be followed anymore than the Illinois Constitution isn’t followed. No, there needs to be hard checks and balances – BK is the only way to insure that.
Yes Burger King will help
And bust the union. The pension corruption and public sector unionization are inextricably linked.