-- 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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$1,828 per diem. Not bad for a part time job.
Vote out all incumbents
365 days a year or roughly five, 70 day periods. Five times $128,000.00 works out to an annual salary of about $640,000.00 a year. According to ZIP Recruiter the average salary in Illinois was about $55,000.00 in 2025. Nice work if you can get it.
There is absolutely no talent to retain in Springfield, nothing but thieves.