-- 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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Dems could take out financial aid for college to give to illegals.
Get rid of the DEI AND USELESS ADMINISTRATORS. Getting to the point of one admit for every student .
“…if you gaze long into an abyss, the abyss also gazes into you.” – Friedrich Nietzsche
Illinois is broke and the political animals just can’t be honest with taxpayers about it because they can’t be honest about it with themselves.
Illinois elects its dumbest.