-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
My guess is that in the end DUI will not be affected. Can’t kill that cash cow for the politicians.
Almost 800 pages in the original bill, now a 30p+ page amendment? What kind of gibberish are these people writing? The Illinois legislature is just a 3 ring circus, the House, the Senate, and Pritzger.
Its almost as though, our elected officials are not listening to us…sheesh. They appear to be listening to only one faction of the population of the state of Illinois and the country. I’m not a radical, I live and pay my taxes. But I don’t agree with anything happening in government within the state of Illinois or this country. The wheels of government turn slowly…for some. This ridiculous – dangerous bill is flying through the government of this state…without debate or even the opportunity for the elected officials to read it…feels like we are not represented any longer…
Not enough legislative lipstick for this pig of bill.