-- 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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One third how about all people living in Illinois, thanks to are great hard working politicians, remember they are all for us. Ya know what, go to hell every signal one of you politicians, thieves.
“The report cites statistics showing that “in Illinois, 56 percent of jobs pay less than $20 per hour, with more than half of those paying less than $15 per hour. Another 33 percent of jobs pay between $20 and $40 per hour. Only 12 percent of jobs pay more than $40 per hour.”” Is the point of this article to show that decades of unfettered immigration of low wage, low skilled workers has depressed wages for the working class, so that now, the gap between the rich and the poor represent a third world country? Oh, no, that’s not the… Read more »