-- 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
If you want school choice then move to Indiana.
They are cowards with a Capital C
Not calling something up for a vote is a Madigan tactic. I guess Mike still lives among us. Who want’s to bet though the same people will get re-elected?
Worse yet, choice opponents don’t need to defend its defeat because they never had to cast a vote.
LOL they do this because they are cruel, they are toying with you like a house cat torments a baby mouse. They never had any intention of calling this bill for a vote, and they love to watch you suffer, deplorable.