-- 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
It is NOT a Law that the eateries close.
So what’s it going to take to make people understand this what?
Wisconsin is about a 10 minute trip for me, guess where I spend my $$$$ on restaurants, bars, gas? Illinois dollars being spent in cheeseland. The parking lots are about 50% filled with Illinois plates. Wisconsin has a budget surplus, Illinois budget a disaster.
I’ve heard Illinois residents also go to Puerto Rico
The large guy in the governor mansion straps on the feed bag out of state as well.