-- 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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Bust these public employee unions and employment will improve. Illinois public employee unions are the filthy cancer that is killing Illinois
This blurb on CBS represents everything wrong with the mainstream media in Chicago and Illinois, which continues to badly lag the rest of the country in terms of employment. In fact, Illinois continues to have one of the highest unemployment rates of all states. And they gloss over that the largest number of hirings were in government jobs, just adding more stress on the state budget and ultimately the taxpayer. A complete joke. CBS stands for Complete Bull Sh!T.