-- 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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Expect nothing less from this shi- city of chicago!
Chicago you suck!!!!
Well, not really too surprising as they are a group of unelected (hardly a high bar, anymore) gubmint workers who are charged with finding flaw in the course of Chicago policing.
Lori, ironic you have the audacity to find anyone “tone deaf”… Just raise the bridges a few days late, that should fix everything…