-- 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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When will Illinois residents learn? It is a complete and total waste of money to file a lawsuit and go into Democrat run courts with Democrat appointed judges in Illinois. The fix is in. You will never win if you are on the opposite side and you will go bankrupt trying.
Hope he prevails – this nonsense has gone on long enough.
Hmmmm…What was Porky’s price? A grant for Oak Lawn, or refusing a license for a rendering plant?
Go get them like a rabid dog you have my full support.