-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Don’t want it? Too bad. Your governor already gave it the green light, and your tax dollars, with the backing of the unions that stand to profit from its construction. Then they all move on down the road to the next adventure most of us want no part of.
Good. Should not be allowed to open. We do not need a CCP plant in our state. Not to mention the pollution of our air, water and waterways. Pritzker will sell to anyone because businesses are moving out of IL due to his reckless tax policies
He’s loaded and could care less about you and me and the people
How correct you are. Jay Robert could get
200 million get on his jet fly to Vegas put it all on the pass line on any craps table
Loose it all on one roll and not break a sweat. He would go to any steak house, eat a 28 oz porterhouse. Would fly back to
Wisc. And ask the wife, what’s for dinner?
funny……
what’s for dinner……….