-- 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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Hey Morrison,
Why not worry about Cook county taxes, crime and peeps leaving?
Tackle the real issues affecting residents! You are a coward!
Morrison looking to diminish and impair existing contracts. Thought those were sacred?
This is why the constitution is so important. Politicians from both parties have shown that they will violate contracts if it suits their interests. The constitution is the only thing that protects the people from the politicians that want to steal their money.
The constitution provides no protection but rather the conditions to which we the people consent to be governed. A well armed militia is the protection.
Cut ties to those funding a war to access healthcare?
Like those encouraging hospitals and physicians to turn away the unjabbed?