-- 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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We don’t want or need the corrupt state of IL to “plan” anymore. Complete incompetence + ongoing fake data — only disaster and destruction can continue to result.
Go Home Jabba and your “public health” murderer cronies.
Illinois is like Swiss Cheese–there are always holes in everything –ie “the science and data”!!
1 Illinois
2 Planning
You can pick only one.
Dictator for Life Jabba is the gift that keeps on killing