-- 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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I hope it does a little more than the old guard groups like the Civic Federation, Chamber of Commerce, Economic Club and others. They all turned into rubber stamps for Dem mayors and dodged any serious involvement on any of the big issues of the day like pensions, crime, traffic, property taxes and failing schools. All the senior execs were too afraid to upset anyone and hurt their own careers or firms.
Wasn’t BLM also a tax exempt organization dedicated to raising our awareness of the issues facing black Americans? We see how that played out.
Cutting across party lines to … fund the Uniparty. Love it!
You mean “No Furure Illinois”. See I fixed it.
Across party lines? Are any of these ‘leaders’ from the party out of power in Illinois?
Oh great more money thrown at “programs” that will do zero and the criminal element will thrive even further. They need to take their money and build more jails and throw the moron criminal behind bars for lengthy sentences, everything else is just a waste of time and money