-- 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
WHO DOES THIS IMBECILE THINK SHE IS??? DEFINITELY BELONGS BEHIND BARS
Tiffany Jailyard is such a waste being a mayor
And stealing money from taxpayers.
She needs a new profession like cleaning
Toilets at a federal prison or washing pots at same prison. When arrested and convicted
She will be missed by Pritzker and the rest
Of the “ usual gang of idiots “.