-- 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
Anything that causes Madigan to lose sleep is okay by me.
Sorry to say he isn’t losing sleep, he knows he has beaten the system for many many years, he also knows if he’s indicted so what . Madigan is what, 75 years old he figures it would take at least 4 to 5 years to fully convict him. So by that time he is 80 let’s say, Ill health setting in, he knows he is not going anywhere, what he does know is that the rest of the politicians that played his game are going to go bye bye. Man is just smirking his weasel as- off at everyone. One… Read more »