-- 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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This guy is an idiot
Jumbo just continues to piss-away tax payer dollars. This has to be some sort of patronage pay off to someone who won’t be building anything. $100 dollars says, no busses will be delivered…but ALL the money will be gone.
Stop wasting taxpayer money.
How about buying those great “ Lion Electric Buses “, oh wait they are bankrupt.
Seriously this can’t be for real bundle up kiddies when your bus stales in cold weather.
Requested by NO ONE. JB pandering to Newsome voters…