-- 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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Unfortunately no. Ask former Governor Bruce Rauner who Felon Mike Madigan blocked in every way to change state policies . Rauner threw in the towel. The government threw Madigan in jail. Justice was served
No, Republicans with any sense have long moved out. The city is now composed of public union employees who thrive off the existing situation as well as illegal immigrants enjoying many benefits, and minorities who automatically vote Democratic despite being ignored by state and city office holders.
Chicago and Illinois in general has become a game of musical chairs . The question is , when does the music stop and who will be left standing?