-- 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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Yippee! Another Task Force. I posted a while back that sooner or later all of us will be in some sort of task force. It may become reality soon.
Within the next 5 to 10 years Illinois, in the middle of the Midwest will be the largest state in the union for illegals and will be the distributor of illegals to all points across the country.
Democrats Pass Bill To Make You Pay For Lawyers For Illegal Aliens