-- 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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Another form of undeclared war by China.
Now if they could only devise a system like this for Democrats to pass thru, who want to run for office in Illinois!
Building the Asian carp barrier is a #1 national priority as far as I’m concerned. it should have happen years ago. Both R & D’s should make it happen ASAP. A dumb move if Trump admin cuts funding