-- 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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Illegals will pay off this debt. Problem solved.
The only way out of this debt is with your feet. So sad they are chasing away the future of Chicago.
Mismanagement reigns.
Not shocking to folks who pay attention. But the fact is– most Illinoisans are too lazy or too dumb or too uninterested to know this, understand it, or care about it. That’s why the numbers keep on getting worse and worse.