-- 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
What’s the negotiate. arrest them all. impound the cars. sell the cars and fine their parents a big old amount of money.
Should be ready around 2030!
By the time these overpaid, dithering do- nothings enact a plan, the snow will be flying in off of the lake. They don’t want to actually do anything that may offend their constituents. But let’s take time to put an end to traffic stops by police, voice our support for Hamas, etc.
Or How can we stop this without losing voters ?