-- 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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There are plenty of down state voting Democrats who voted for Pritzker so why should they get extra help? I live down state and my liberal neighbors deserve every bit of the problems that they voted for. Let them lie in the beds they made…it is what they chose.
Anarchy, rule number 2 in the playbook of the democrats
Collar County, Downstate prosecutors will get around the Democrat Purge Law by charging any possible detainable offense to keep a crime-thug in jail