-- 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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yep to the other posts and the Illinois voters continue to vote for it all.
Springfield could care less, get ready for a onslaught of tax increases, move now if you can. Pritzkers wallet is bigger than his ass
Good Luck with that ! JB and the reptiles have never given a damn about the taxpayers they won’t start now. IL needs to revenue to keep the pensions going another couple years