-- 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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Wow, the bold graft in illinois has no bounds.
Kwame wants to make sure that every unneeded government employee hired by the Dems to boost their horrendous unemployment numbers keeps their unnecessary job. If Sir Kwame can galavant hither and yon tilting at out of state windmills, do we even need him?
Kwame needs to stay in his lane.
How about working to stop all of the corruption in Chicago and Illinois first!!