-- 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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Better start playing taps now for illinois
Huge Pensions paid for by the honest hard working taxpayer who gets almost nothing.
https://pensions.bettergov.org/
Illinois is DEAD ON ARRIVAL. No such thing as Fiscal Responsibility.
Raise taxes and cut service. Enslave the honest hard working poor taxpayer.
Nothing but a bunch of Schitt.
Totally irresponsible but what else would you expect from Springfield. This state is absolutely horrible.
to pass a budget with zero cuts and record spending in this bad economy is the height of irresponsibility
And also the height of unswerving loyalty to JB’s union masters.