-- 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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So lets see there will be big tax and other incentives to provide this meaning the taxpayers are funding these jobs not Pritzker, the Government or anyone else. The taxpayers once again pay for the actions that ran business out of Decatur in the first place.
Good news for decatur but the taxpayers should be thanked…certainly not Pritzker and the democrats.