-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Why would you delete my truthful comment?? I was a teen and said what happened in 68 and it will be different now because the police are told to handle things differently…….what is wrong with the TRUTH??????????
Cynthia, all comments are being held for moderation, not deleted unless they are part of the attack that has caused us to do that while we look for another solution. Yours go live. Sorry, but thanks for your patience.
Watched clips from 68 and this one will not be the same………because back in 68 the police were allowed to do their job under Daley…..I was also a teen and remember quite a bit of what went on!