-- 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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Hmm, at first I thought this was an article on the water pipe in Lake Michigan….
Heated tents in -15 below weather!
Funny there’s no dignity or compassion for the citizens funding this Democrat party production,
Hey JB, there is a federal solution. It’s called a wall, and when you combine it with the enforcement of current US laws, it solves this entire mess. Why don’t you pull that enormous noggin of yours out of your gigantic behind and advocate for that you nimrod.