-- 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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What bothers me is he said in a reply he spoke with Pritzker about the Emil but Pritzker said he didn’t speak with Madigan hum!! Also Madigan said in a reply “Recognizing the sensitivity of the matter for any potential survivors”, what did you do Madigan have somebody eliminated. Hey I just seen the big bus go down I55 southbound said FBI wonder were the headed lol. Just totally disgusting this one will not go away.