-- 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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How does this, almost $700M benefit the Illinois tax payer. What in the friggin world does it actually do to help the residents of Illinois. It is pathetic that these people are so disconnected from the people of Illinois and so connected to their own needs and corruption.
And just think, the film companies would not have to hire actors to play criminals. Criminals already here with no restrictions.