-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Remember Zippy said “ First we get the money”. The circle of taxpayers gets smaller and smaller at some point it is too small to support the feeding trough.
That when they try to spread it out to gather
More suckers to feed them.
The gravy train is ending, end of the line
Please get off.
Slowly rolling this thing into a housing subsidy for his CTU overlords, Raggedy is. C’mon, say it “ Bring Dumbed Down Chocolate City Home!”.