-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
The redditors are screaming the US Census undercounted Illinois population so the base figure which these go off of shows the population is still stable.
Actually Governor Blowhard you are clearly in denial. People aren’t down on Illinois, they’re simply stating the truth. You should try it sometime.
“People who are down on Illinois are not looking at the right indicators of the future of our state. Our future is bright,”
YES, FEWER DEPLORABLES MAKES FOR A PROGRESSIVE UTOPIA.