-- 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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Extremely sad. Question? Why would a state trooper commit suicide on the Dan Ryan at 2:00PM and not in a more secluded place? State Troopers are a tightnit community and have at their disposal many to talk to. Look at the support when one of their own dies during a traffic stop or killed in action. I have seen the miles long procession here in Rockford. I was on the on ramp on bypass 20 when the procession was passing. We got out of our cars and people took off their caps and held their hands over their hearts until… Read more »
So Sorry- God bless Trooper