-- 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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Unbelievable. These crooks and political hacks.
MORE money from me the taxpayer.
Is $7bn+ bailout not enough?
Vote them all out.
No it’s not. More taxes on the horizon.
Having the Wisconsin stateline a less than a 10 minute drive away I seem to get a tingling in my loins as I buy gas at .30 to .50 a gallon cheaper and deny JB the ridiculous gas taxes he and the democraps demand. Oh the joy!