-- 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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Have to make sure that Jag Boy does not get on the plane to his place in Florida>
if u Take their case numbers at face value, I guess the travel orders and mask insanity sure protected us. Keep up the good work. Idiots, all of em.
They are going to put up a Wall around Illinois.
Not to keep others out, but to keep the mentally challenged in.
Who in there right mind would want to come to Illinois and be gouged by taxes every where you go?
And there are zero states who care