-- 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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It’s about time the tax payers have the opportunity to make these decisions!
This is a very craftily written story for the likes of Pritzker. By including the last sentence regarding becoming a sanctuary for the unborn and gun owners Pritzker can easily state something to the effect of “MAGA right wing carnival barkers focused on guns and depriving women of their rights” when dismissing the outcome of the election should it not be decided in his favor. Here is a hint WICS; stick to the issues or it it your intent to write in a manner favorable to Pritzker like so many other media sources these days?
Well Stated!