-- 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, the company you keep…..
$200,000 is a small number when you look at the high-end pension payments.
If these $200,000 bothers you, why not $300,000 pensions for life with 3% increases every year.
How the heck is there that much money in Dolton to steal?
The biggest mystery with the entire Dolton/ henyard fiasco is….where the hell is Kwame & Kimmie??? Also, where’s Kwame & Kimmie in Calumet City, Harvey, etc
Trying to find a crime to charge
President Trump with
The whole south side and surrounding area
Are all just a group of dazzling urban and
Suburbanites. That whole area will just
Explode with nothing for anyone.
Enjoy the tour of the failed, don’t forget
The tip jar on the way out.
Sounds so very Cook County.