-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Haha – gotta laugh ! Sure, after all the defeats we’ve had within our little spheres of government (and school districts) over the years, why not line up for another ?
Having already expended so much time, money and energy to sound alarms and promote common sense to no avail, let’s do it some more!
The citizens in my town (Country Club Hills) are moved by no outrage nor by killer taxes!
They simply will NOT be moved !