-- 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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Address what, lower taxes jobs from companies will be plentiful stop the free stuff army.
In order to be employed, you have to show up to work. That’s something that Illinoisans can’t seem to do.
Thumbs down is apparently unaware that IL has some of the highest numbers of people on welfare. These numbers are cleverly hidden by turning them into a percentage due to the large population of CHI and other urban areas.