-- 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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This article is pure Democrat Party propaganda.
See, it’s all going to be OK!!! Your progressive latinks representative from Chicago will represent your interest, don’t you worry about that!!
But DuPage County Democratic Party Chairman Ken Mejia-Beal said Chicago Democrats face challenges convincing residents in places such as Glen Ellyn and Winfield to trust them.“When this district was drawn, a lot of people were apprehensive about having a quote-unquote Chicago representative representing parts of DuPage County,” Mejia-Beal said. “After meeting both (Ramirez and Villegas), those fears have largely dissipated.”