-- 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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The levee in IL needs to break and hopefully the sheep will begin to notice the path they are being lead down. The spotlight is shining brightly on the inept leaders we have, and why ( If you are one who wonders) this state is in the dire straits it is in. JB is completely over his ski’s and has shown himself as a weak Governor, now is the time, no matter what side of the political spectrum you’re on, to wake up and say enough is enough. Making threats to the citizens of this state, criminalizing law abiding working… Read more »
Yet unfortunately, due to gerrymandered districts throughout the state, Democrats will increase the margin of their supermajority in the legislature, and spend that political capital, declare its the will of the people, and enact laws to make sure you stay in your home, remain unemployed, stop using your car and use energy from the sun to heat your house in the middle of winter. Before you know it, the new signs will be “religions have no home here in Illinois” signs will be everywhere.
If it keeps on rainin’…