-- 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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We should be able to recall vote any politician after 1 year service if there is evidence they aren’t serving the public
Any and all government positions, from dog catcher, up to and including the governor.
How do we get in touch with them so we can sign it?
It would benefit citizens by allowing them the ability to recall not only the Chicago mayor, but the Illinois governor – along with adding term limits. Neither politician will leave the position until they are forced out. Both pompous captains of sinking ships.