-- 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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When they said SAFE-T act most people thought it would be to protect law abiding citizens. Guess its criminal safety we worry about
Democrats pro criminal policies at work. Too bad Democrats don’t care about law abiding, US citizens as much as they care about criminals and illegals.
Welome to Chicago….
Some one please give this loser a dozen Dunkin’ Donuts while he is strapped in to old sparky.