-- 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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Great idea – break down those gas receipts so we know which government entities (in Illinois we have SO many!) are picking our pockets.
While one can admire the receipt proposal it won’t work in Illinois. What good does a receipt do when Illinois voters are either too stupid, to lazy or too uneducated to read them. Past Illinois election results are evedence of all of the aformentioned. Nice try ut it won’t work in illinois.