-- 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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Gotta get rid of these dems…………….VOTE VOTE VOTE………HOPE IT WORKS!!
“ First we get the money!” After that, who knows?
Welcome to Illinois all you illegal aliens. You thought a “sanctuary state” meant you were going to the promised land with lots of free stuff. Well, guess what. You got duped just like most Illinoisans have been. Folks who have been here for a few years– or generations– are now seeing the impact of all the glorious promises, programs and handouts that they have been showered with. And guess what. Things are worse now than they have been the last 50 years in this state. So you snuck here all the way from the South just to get hoodwinked by… Read more »