-- 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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But, Any and all charges will most likely be dropped when reaching Kim Fox’s office.
No wonder she called off the debates. She would be put to shame by O’Brien.
Another task force. Soon there will be a rioting task force/protesting task force/not complying the 6 foot rule task force/over 10 people in a church task force ad infinitum.
We have as many task forces in Illinois now as we do taxing bodies 7,000 or so and the moral of the story NOTHING IS GETTING DONE
Don’t forget there are community organizations that get taxpayer dollars too. What do they get done?