-- 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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As long as Cops, Teachers and Firemen are getting full pay, health and pension benefits that is all that matters. They are laughing all the way to the bank. The honest hard working poor taxpayer does not count.
YOU FORCED them to stay at home, Jelly Belly. Now you can’t even get the unemployment claims filed in a timely way.
RESIGN NOW. You are a FAILURE of a governor.