-- 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
I am certain that in all 67 counties on the poverty watch list the local government employees are prospering. Bust AFSCME, SEIU and IFT/CTU.
It’s the 67 counties that vote red and many are 2nd amendment sanctuary counties. Hence, the state has purposely abandoned them and provides virtually no representation in state government. And as a result, they are all poor.
Can confirm, my county (Crawford) fits all those criteria.