-- 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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when Trump ignores or breaks laws (as he has repeatedly done countless times) his followers simply ignore it or make excuses but when a democratic governor does so it is painted as a travesty of justice by these same people. this type of double standard and insane hypocrisy is the root of the problems with our current political system.
We’ll wait for the first time anyone on the left calls out a Democrat. But we will definitely not hold our breath.
Tell us again about insane hypocrisy and double standards. Leftists wrote the book on those topics.
Interesting article, and the short answer is ‘Yes, the ‘cease-and-desist’ order has been repeatedly violated’. In fact one could say Pritzker has been very cavalier about compliance. Where is the enforcement?
Could Pritzker be the next Illinois headed to the big house.
No, that’s not the nature of the SEC issues.
They should just state that “All the money in the world is not enough to cover the pension debt”.