-- 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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Its funny and sad, I haven’t even looked at the proposed budget…and I can tell you for sure, it isn’t actually balanced and we can’t afford it. There is no doubt.
Curious-How many bills that were proposed by Republicans became law since JB became governor? If there are any how many saved taxpayers money?
According to the Illinois constitution we should have a representative government. Problem is we do have a representative government but only for a few citizens are represented not all.
HE SHOULD BE RECALLED IMMEDIATELY