-- 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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This man (Governor) so he is called is presiding over the unfolding of Illinois by his own actions there will be nothing left to reopen at this pace due to your ineffective policy. Pritzker you will be tried by the courts or your peers, you will pay for your actions. But of course we all know you will blame somebody else like you always do for your actions or errors. I hope I’m around to see you prosecuted to the fullest extent of the law and walked away in handcuffs why you sob like a little boy whose sandbox is… Read more »