-- 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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Man, it’s getting harder and harder for the Dems to take their cut from the government trough. But no worries, they been shaking people down for over a 100 years, so there’s always another dollar to steal.
Why, with Ed Burke no longer able to steal, the other corrupt-o-crats can step in and take Ed’s cut.
Think how dumb JB Pritzker is. He went into politics AFTER becoming rich, totally missing the point of going into Illinois politics. I can just see the Springfield crowd shaking their heads.
Lots of pension money goes to Sunny Florida. Florida says “Thank you” for all the economic activity it brings to the state.
Pensions, pensions, pensions is the root of all evil. This hangover will last generations to come.
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Mark and Ted, I’m surprised you let this blatantly anti-semitic comment get published. For shame.
Snuck one past us. Sorry. He’s out.