-- 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 ” usual gang of idiots”, Pritzker, Peckwinkle and Brandon, will watch the house of cards fall apart. Our fearless leader in Springfield chooses to name call rather than try and gain consensus of the people he chose to serve.
If we work together to solve some problems we can,maybe succeed.
Remember a great mans words, “United we stand divided we fall”.