-- 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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Shouldn’t Illinois be focusing on letting more people be legally born in this state? The State that is losing record population numbers? Advocating for more abortions sees awfully short sighted to me.
Again the dems use our bank accounts like they are theirs
Perhaps they should also require doctors that don’t leave 1/2 a baby inside.
Balancing the budget and funding the exorbitant public pensions should be prioritized over increased spending.