-- 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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It’s a sad day in America when Illinois elect officials to man our state and so much happens to tear down the morality of the people. Although I am not in to politicks, I don’t believe that Rod should have went to jail for something that all politicians are said to be doing including Michael Madigan and his pathetic assistant daughter Lisa. The unfortunate part about this whole situation is if Rod had done something truly corrupt he would have not been in prison. I feel sorry for those who striped him of his rights as a father to stand… Read more »