-- 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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The only “Slave” is the poor honest working Taxpayers of Illinois.
The only answer is to move ASAP.
Kiss Illinois good bye.
I just can’t wait to get at that ballot so that I can show how much I support this one.
Possibly a consideration as you board the boat…
That statement proves absolutely nothing, other than the person who wrote it is a moron. Try this one on for size. Nobody alive today was ever a slave. Nobody alive today was ever a slave-owner. Case closed.
I’ll gladly endorse paying any person that was/is a slave.
completely ridiculous premise and i do NOT agree…no one needs to get or pay reparations…its racism to think otherwise.