-- 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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get $$$ from the public-employee parasites, or pull it out of your a**
Lori is Lightweight. Light on ideas, light on accomplishments, appears to be light on ability to solve problems.
Glad to hear Lori wants to stay away from property tax increases, but help from the State of Illinois? She obviously doesn’t read this blog! Help from the State of Illinois is about as likely as a bailout from Donald Trump. I like the Donald but it just ain’t gonna happen.