-- 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
Their only action must be to impeach Dictator Jabba
God help us. They will likely spend their limited time expanding abortion service all residents of the state.
They are getting paid. They should meet.
I guess they have been treating this as a vacation.
They treat their job as servants of the people as a paid vacation for life. They are the kind of dirt no amount of showers can clean.
Wrongo!! It’s much cheaper for all of us when they just stay home. Even better let’s send them on a fact finding tour of Wuhan with a nice long stopover in Italy on the way back.