-- 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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I’m sure Kwame has this on the top of his list.
Ashby’s state pension amounted to $87,528 last year, according to the BGA, whose site crashed before I could figure out whether he also gets something from a county.
Springfield you are done for
Fat fingered it on this one omg how can you people allow this to happen and continue
You people = Democrats, all Democrats, everyone of them. Whenever you read or hear someone complain about Republicans, tell them to first look in the mirror at their own degenerate party.
Why are they “done for?” Illinois voters have shown that they couldn’t care less about corruption and fixing the ways of their esteemed leaders.
All that matters to most of them is that they have a “D” after their name, and that’s where their loyalties reside.
No amount of corruption — revealed and not revealed — will end the Democrat party control of our state. The Democrats have nothing to fear, as this too, will pass.