-- 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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“They were also aware of Gov. JB Pritzker’s (D-Chubby) disdain for using taxpayer funds for sports stadiums. “
At least there is one thing that JB the Hutt won’t throw away Illinois’ taxpayers’ dollars on. Finally. One thing. Pity it isn’t spending on illegal immigrants or infanticide, but baby steps I guess.
That is, unless JB the Hutt doesn’t kill said baby.
JB still nursing the hurt of the last kid chosen for teams in gym class.