-- 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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Fat Boy says electric is the future. The King has spoken, now kneel before me peasants!
Illinois politically is more concerned with assorted programs for the blacks rather than focusing on what the State, as a whole, is in need of. Regarding Pritzker, who no doubt has a back up fossil fueled back up generation system in place, whose State energy policies are devoted to generating national headlines for his Presidential run. The average run of the mill Illinoisans are in danger on this one but, as so often the case, do not vote so they will get what they voted for by not voting.