-- 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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Hmm, I thought property taxes were used to staff and equip the local police department — not to be used as an unpaid Airbnb for illegal immigrants.
Drop them off at city hall/county building, lots of room there.
How is it even remotely possible that CBS 2 does not know the answer to the very question that it now pretends to “incredulously” ask!?
Anybody here have a guess?