-- 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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Is this a joke?
Balloons?
Do we not have more important matters to address?
Illinois politicians remind me of One Flew over the Cuckoo’s Nest.
How about passing a bill for all the life saving face mask that are laying and blowing all over the state, and yes this also affects wildlife Springfield idiots.
Who is going to count the balloons once there in the air, yup it’s 50 no it’s 35 the balloon police.
Great comment, thanks for the laugh!