-- 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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Killing business as fast as possible. Anything to get more and more money to fund huge pensions.
Not even a consideration of reducing spending, cutting waste, etc. Nothing. Just get mo’mony, He is a moron and has no idea what he is doing. There is no fiscal responsibility in Illinois and absolutely none in Chicago.
Hopefully it’s also his career killer too
Further proof that Johnson is an incompetent moron. Try cutting wasteful spending and political hires. Try standing up to CTU and behave financially responsibly. Oh wait, CTU owns him.
And they will promptly vote with their feet. They are not shackled to Chicago.