-- 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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Little late isn’t it you fat slob Pritzker 2.1 million seriously you Are a ignorant arrogant individual. You ignored are seniors from day one you as far as I’m concerned contributed to there deaths by not enacting some policy to help aid are most vulnerable population. You Pritzker should be tried for neglecting are seniors. You will get yours chuckles.