-- 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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Good to see that the State house has its priorities straight…..
At least we got that settled. Start with the pressing issues and move to the lesser ones. Shine the light on darkness
Declawing cats is bad; mutilating confused children is okay?
Welcome to Illinois, rather confused, but always trying (in more ways than one).
Declawing cats is bad too. But then again, I like animals more than people.
The sky is falling! The sky is falling! Illinois legislators, let’s worry about cats.