-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Who are these people who want to hear from the either of these lily-livered, chicken-scratching,pickle-picking, pink-eyed-sons-of -a bobtailed-hyenas?
I already know neither of them has the best interests of the citizens at heart, and both are out to sodomize the taxpayers and enslave their children with the burden of debt.
Who cares? Illinois is doomed under either of them. I welcome the carnage to get this state over with. too bad the awesome Trurmp economy is going to prolong Illinois agony. .
Actually as a republican I don’t need to hear any more from either of these democrats. Make no mistake rauner is a democrat. It makes no difference which is elected at all. If I want to go to sleep I’ll listen to rauner for a while, the milquetoast. If I want to go to sleep I’ll listen to pritzker because every word I can predict and it will be very boring pulling me to sleep. I’m past anger. My vote for Jeanne Ives will be a satisfying and fulfilling experience I look forward to. If I vote for rauner I’ll… Read more »
FWIW I think you are wrong. I am a Republican too, and while I didn’t like two of Rauner’s signatures, he has been hamstrung by Madigan. If you think it gets better with a Democrat in the gov office, you are misinformed. 2020 redistricting coming too.
Not two votes three, sanctuary state, tax increase and having me help pay to kill mostly-black babies. My time horizon in Illinois is three to five years tops, then I’m leaving. As a republican I want pritzker to tax the crap out of this state its citizens and its businesses. So as to move it faster towards bankruptcy as it pushes more people out of here, more people to having a higher property tax bill than their mortgage, both of which erode home values and any remaining equity. Maybe at that point Moody’s will rate the state properly as junk… Read more »