-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
I would have hoped that Madigan would be
Dirt surfin by now, saving the taxpayers
A bunch of money
I kind of wish he was still around, because the new people in charge are arguably worse than Madigan ever was. I always warned to be careful what we wish for, because removing Madigan was no guarantee things would get better, and would likely get worse.
Same thing happened with Trump………people thought obiden was so great and look …………he’s ruining America