-- 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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U can’t reason with communists. There are other ways that work though
Damn right that it is long past time that legislators, as well as the millions of Illinois residents, get the answers we deserve. Especially considering that everything that Pritzker has done since Mid April has been illegal upon expiration of his 30 day emergency order.
Oversight of the illegal acts by the fat mobster thug Dictator is way overdue