-- 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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Wow…this is the leadership of this state. I got nothing. They just lie and tell you not to believe your own eyes. All is well. Its the other guys fault. I am afraid nothing will stop the implosion of Illinois financially, nothing is changing and these people do not even know what the problems really are, they simply develop more programs to pay for healthcare, education and other crap that is already funded multiple ways. The press are not even trying to force them to look at the real issues. Reading what this flunky government marionette says is just stupid.… Read more »
You are so proud to live in a state where you are paid handsomely to do crossword puzzles, think about what’s for lunch and do photo ops while your boss is running IL into the ground.
Stratton must be using too much wacky tobacco,
what she heard was people saying, “ I must be crazy to live in this state!”.
Easier for illegals and deadbeats but screw the 26 old’s in jobs that can’t afford it.
Richard Chew is so thrilled to have her there. And he must be one of the two or three people who are proud to live in Illinois. You fool. Don’t you know if you throw softball questions and kiss their rear ends, any politician will show up on your show. Are you a journalist or a grade school cheerleader?