-- 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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Where was this MONEY before for the CITIZENS OF THE CITY ??? What about taking care of the homeless and veterans now!!!
SEND THEN ALL HOME
Gee, I sure feel stupid. I’ve never been on food stamps in my life but Illinois has money to feed people who don’t even belong in the country. The clock is running out on the America that was given to us…..