-- 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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Those of us paying attention recognize the ramifications of the SAFE-T act going into effect – and it ain’t pretty.
I don’t believe on any level that the act is going to make anyone safer.
Amazing how people with bodyguards pass laws that impact those of us without personal security.
Illinoisans fend for ourselves while we pay for politicians’ private security details.