-- 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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Yes they are and I will say whether true or not when the day comes and I think it will very soon when the DEMOCRATS in Illinois start taxing retirement benefits you can bet all the seniors who vote democratic which is a large amount of the population will cry WOLF, omg that can’t do this. Tears tears, it’s your own damn fault, your greed is the issue whether you can afford it or not. Then republicans will reappear because seniors say no. Also that’s why the idiots in SPRINGFIELD want to tax retirement for people only over 100,000, guaranteed… Read more »
Nope, just the weather. :p