-- 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 to vote in November – vote the bums out!
So much for those improved credit ratings JB was crowing about in recent campaign ads. The Democrats blew their weekly allowance on candy and comic books. Now what?
The house majority leader Greg Harris along with governor JB should be ashamed of themselves for the handling of Covid. Mr Harris says he is proud to have spent the money to be sure Illinois is protected. Do they realize how many lives were lost by there lack of leadership. Elderly, veterans, people with comorbidities. The death toll has nearly outpaced the pre vaccine time. They spent tax dollars unwisely and now want to hold back unspent money that is there to repay our debt. Please protect Illinois from higher taxes and less benefits.