-- 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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Hey Greg,
City and State leaders are not in crisis mode because all they are doing is implementing their desired plans, successfully I might add. They would rather rule over a wasteland filled with the dependent class after driving out all of the successful intelligent people who dissent. Their model is Detroit.
Hinz = Hack.
Please reveal your sources of income.
If Pritzker is re-elected, the current steady stream of businesses leaving Illinois will turn into a balls-out jail-break.
The first step in Chicago and Illinois’s rebound should be getting rid of Greg Hinz and the rest of the worthless leftist journalists and their propaganda outlets, like Crains, the Trib and Sun times. This clown Hinz actually wrote progressive abortion laws and choo choo trains for union station are a start for a new future. That’s level of stupidity we are dealing with here.
Ooh, a new carnival barker, as Pritzker calls us. Hinz!