-- 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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“In less than 100 days as governor, he has already done more than any other governor I’ve ever known to back up his word to support working families,” Collier said.
And yet it will be these same working families that you will eventually tax to death to pay for these under/un-funded new policies. Small villages in Illinois are dying because of reckless policies and all Chicagoan democrats care about is the pockets of the unions.