-- 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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Will fall short. There, I fixed it for you Jimmy.
Bears “could” shit in the woods too.
Wait, I thought Illinois was the chosen destination point for businesses of all shapes and sizes. Wouldn’t that mean revenue should be growing? Hope our Dear Leader hasn’t been lying to us.
Didn’t you have a leech on this sight some months ago that claimed revenues were going up in Illinois? I’m sure those revenues had nothing to do with the federal bailouts or inflation. In any event, this report must be wrong and that leech must be right, otherwise the mainstream sycophants would have covered it.
Obviously , spending needs to be reduced.
Whodathunk that sales taxes are down because illegal immigrants don’t have money to spend on discretionary goods
No they steal it
They’ve got plenty time to steal high end fragrances though and at least these invaders should smell nice!