-- 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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With all the new laws and taxes implemented gambling/gas tax/ cigarette tax/ abortion rights and a slew of other vices to be enacted- Illinois should be renamed the state of POTTERSVILLE. All we need now is legalized prostitution and we are all set which may be down the road the way things are going. Clarence!! Where are you? We need you to set things right! Please Help Us! Remember! Every time you hear a bell ring we get another TAX..