-- 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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Scotty, when you anticipate hard times you should tighten your belt.
Meet resistance ? Hell I’d just lock the front door and laugh out the window
Six Percent finna go to Big Daddy, cry, stomp his feet and rail about disinvestment, Trump, Rahm and the systemic racism of IL and walk away with empty pockets like many of his constituents have after a big night out.
He wants State Government assistance to cover the stupid decisions, spending mistakes, corruption and union give-aways caused by these morons. I am sorry, it is not fair or right for the residents of the rest of this state to pay for this level of corruption and stupidity. Pain is the only way change can take place in a crap-hole like Chicago. If the City has to cut services to make the budget work and the cutting of those services pisses people off, they might vote differently. Possibly just another liberal Pin-Head, but using my tax dollars to give to the… Read more »
Or… cut costs, like nearly empty schools.