-- 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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This is an excellent proposal. Take away money and you take away power.
The lame objections expressed in article sound like speakers are shills for gang upper management.
What is there to lose, trying something new, when nothing else has made a dent.
Hey Lori and Kimm,
How about locking them up! It just might work…… LOL
Lori’s plan is perfect! Conjure up an absurd plan to fight crime and if it’s not enthusiastically supported! Guess who she’ll blame? She’s handing out free tickets for the Titanic. She’s just lonely and wildly unpopular.