-- 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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Well at least we don’t have primae noctis yet at the Township level.
Actually we do have it in a financial sense–just not bodily yet….
You could fire 1/3 of government workers in Illinois and see zero reduction in useful public services
That’s good news. When we need to raise taxes and cut services you’ll have no problem adjusting.
The only services that democrats are providing are lining the pockets of union thugs, murder of unborn babies, coddling of career criminals, and grooming of kids for pedophiles. Nothing else matters for Illinois democrats