-- 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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Com Ed can raise the rates all they want! What are we going to use candles? Where’s Madigan? Thailand?
They raise are rates again in 2020 thru are corrupt politicians in Springfield, and now they want to throw jump change at us to make things look good, ya know what comed shove it.
I accept their offer. Let me know where to send my bank information so I can receive my $21 million.