-- 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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Yeah sure Illinois.just like you need to raise fees for the FOID and CCL “licenses” . Here is a program that is run by ISPFB that is run so poorly yet a large amount of the funds raised by these fees are swept out of the ISP accounts and used in the general budget instead of being used to shore up the department and get thing running smoothly. Kathleen Willis is on record lying that ISP doesnt have enough money. So now we have them drooling and looking at taxing the life out of vape supplies. They have used the… Read more »