-- 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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Spend their money in Wisconsin. !!!!
Good for them.
Maybe we could all go hang w jbs wife & kiddies at his (one of many) Wisconsin pad.
How long before there are checkpoints to show your papers to leave the state? Because there isn’t any need for checkpoints for people coming in. Just like East Germany!
They’re voting with their feet, just like the Dictator for Life Jabba.
I bet most of the illinois visitors wore the real estate sellers in WIS out. Looking to buy in WIS with all that Illinois money they can take with them.When Illinois gets worse they will let the house go back to the bank,when nobody wants to buy a house in Illinois.