-- 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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Another unfunded mandate from the worthless political class for utterly worthless so-called training. Glad I don’t work or employ anyone in the inbecilic City of Chicago.
The soy-infested skinny jean manbun types eat this stuff up though….
We need to bust these unions to stop the vote buying for these awful policies. Illinois public employee unions are the filthy cancer that is killing Illinois
Another job killing mandate imposed by City Council AssClowns