-- 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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“IDES is not aware of any current reported issues with the ILogin system.” That’s priceless- see nothing know nothing. And one way to reduce Illinois’ unemployment numbers and IDES payments. Its a win win for the Governor of Disaster Proclamations. Next month he’ll report lower unemployment numbers in his campaign ads.
Porky tightening the free money spigot. I can save money by disconnecting the phones. Subtle.
Irvin is more worried about what he did for aurora and not what he can do for the people and the state of Illinois his commercials are totally yawning, and for the rest of the Republicans huh, they should all be jumping all over this but no. This Republican slate is non impressive and in deep crap if they don’t turn there game plan around.