-- 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
Hope all goes well. Wishing them the best.
Same. Good to see more and more towns/counties defying the idiocy.
Madison County is acting to fill the void of sane responsible leadership from Springfield or Chicago or Florida or wherever Dictator Jabba is hiding today.
Go to it guys!!!
The governor does not have the authority to withhold. His emergency powers are basically void since he has not requested an extension of his emergency powers thru the Illinois Legislature. Time for individual counties make their own decisions on opening based on sound facts.