-- 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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It’s safe to say that Dem majority legislators and their constituents don’t care one iota about fiscal sanity anymore. But their constituents apparently care a lot about bathrooms. One legislator said he had hundreds of phone calls asking the government to pass a law allowing little girls and grown men to use the same bathrooms.
Seem Hinz is only one writing/warning about state bill to overturn Chicago cop & fire Tier Ii pensions….which anyone with a clue understands the bill is just a “test the waters” bill to see if dullard voters/taxpayers care or even notice. And then dem machine will shoot for passing overall state bill overturning Tier Ii in 24 (as rumored in Bondbuyer). CTUs lobbying in Springfield on this currently with nothing to stop them because “new machine”/old machine control 100% of state…just got to dupe the chumbalones as usual. Fake- progressive CTU/Brandon will be all on board. At least lightfoot put… Read more »
“Other, more suspicious types suspect the [$12 billion financial plan released by his supporters] was one big trial balloon, or intended to give Johnson political cover when he rolls out something more moderate.” Hmm, who would that be?