-- 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 is truely when you feel like a chumbalone–If you have 1/2 a brain, and your not connected to the endles pay-to-play, wheres mine, chicago way, madigan shell game. Humiliation is a big part of the illinois experience –that im so sick of @ 60 ….or you can blow off and walk around in ignorent biss? What more can you say
I moved to TN 10 acres a nice larger house a large garage.well septic tank for $65,000.00 No STATE IN COME TAX,property tax $300.00 a year. It is because it is a free state,not communist gov and democrat.You are nothing more then a small serf.You only exist to give all your money to the dems.At 65 i left a state where all the little Madigans plan out your life for you.