-- 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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It seems the folks over at Capital Fax think Pritzker’s speech was the greatest thing since the invention of microwave popcorn and he is a shoe in for re-election. If Irvin and other GOP candidates don’t come up with a plan and I mean a plan as to what they are going to do for Illinoisans and bring this once great state back from financial collapse and stop pointing the finger at the Bully (Pritzker) , well then I guess I agree with Capitol Fax folks because we again will have this tyrant and his tyranny back in office. GOP… Read more »