-- 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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Once again, has jb cancled work remotely (from home) indefinitely order for our afscme hero’s for all state dept? I can’t believe nobody in press is asking this simple question.. without are afscme heros, who going to be around to hand out all the fed $billions$ of dem/Biden free stuff? I NEED MY FREE STUFF!!
Stop paying high rates for Deadbeat unemployed,There are many jobs available everywhere ! WORKFARE not WELFARE