-- 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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I wish Lightintheloafers would go back to Ohio.
“Go back to your environment destroying farm you independent critical thinker!” Lol. Go back to the farm? I laugh at folks who think farmers are idiots. Lightfoot is in for a rude awakening when Bailey whips pritzker and he will. Imagine the melt down. Democraps will refuse to obey the constitution again afterwards and not pass a balanced budget. Chicago will melt down into no go zones and “independent” areas like Seattle did and a community garden will be started. Screencap this
Pritzker will win. You have too much faith in Illinois voters. Also, the smart ones have left or are in the process of leaving. You can leave too or remain among the foolish/ignorant.
Exactly right. We left IL. Over a dozen of our friends and relatives have left and all would be anti Pritzker. And all of us are more and more glad we left every day.