-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Jan,
You and your felon husband are both slimy!!
Hope the few people left in the state enjoy those brand new roads. Talk about putting lipstick on a pig – new roads won’t keep companies and taxpayers here. Changes in leadership will. They just don’t get it.
Jan my dear the infrastructure in Illinois has been neglected because of people like you this has been going on as long as your worthless tenor in Springfield.
Just go away you wrinkled old hag.
If there’s anything that Schakowsky and her bank robber husband know about, it’s how to help yourself to other people’s money.