-- 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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Fill up the car with gas and floor it out of State. The only way out of the Illinois tax monster is to leave. Most everyone who reads this will leave sooner or later.
I wish I knew more about this, but I’m not willing to subscribe to that rag that used to be a newspaper to find out.
Sure they do. Shovel the shit on the voters
Pritzker and Dems don’t care about families and taxpayers.