-- 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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What part of no doesn’t he or any politician in Illinois understand, no means no. But thanks for letting the cat out of the bag early, should of kept your big mouth shut Welch. Some sh-t just never ends in this state.
What a Jack! What did the voters state?
Illinois has the dumbest voters in the union.
the Dems never learn.
I thought Welch was a moron. And now it has been confirmed.