-- 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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Ya right, Springfield will have excuse after excuse, Chicago tribune all you do is report about the poor taxpayers of crooked county. Hey, how about a report on will county, dupage county,etc. we pay taxes out here also, and as a matter of fact more than the average homeowners in Chicago. Remember we have much more greedier school districts. Correct teachers, superintendents, asst superintendents 1,2,3,4, 5 on average everybody enjoying being home and getting paid, I bet you do, I know, ha ha to me. Your days of greed are now slowly coming to a end.