-- 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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Guy is a hero. We each own our own risk tolerance.
King Jabba shall have thy head for such insolence! You must follow the King’s royal decree. Follow the science, unless he tells you not to!
I believe Orland Park has done this as well, back in September I believe…
Yes – Orland Park did as well.
Screw JB and his team of clowns!
This is LONG OVERDUE.
About time we started hearing of other “elected” officials in this state publicly questioning the numbers and defying the POS Tyrant. We the people of Illinois have had ENOUGH.
God Bless Him! – Need a lot more like him.