-- 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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Thanks JumboJB – I feel so much better…
The biggest threat is Democratic Party governance.
Fried Chicken Little is always running around in a panic over perceived attacks upon IL, and more to the truth, himself. It’s just another tactic to keep his ample face in the news.
Pritzker himself is a threat to IL, both financially and from a public SAFE-T perspective. Spends like there’s no tomorrow, soft on crime and doesn’t want anyone assisting ICE in finding and deporting criminal illegals. Yes, I feel so much safer with him at the help.
Ok big shot what federal authorities are you talking to per your request you act like your President such a pathetic excuse for a human being.