-- 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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Good Riddance!
Got that right! IL republican party needs to straighten up and moderate. It needs to get rid of its “players” that have fed from the “trough”, along with many dems, and it needs to issue a Contract with the People of IL, that makes it clear they will not be rep extremist wackos. That contract needs to layout exactly what they will do to help us non-public union taxpayers dig out from IL political CIG (endemic IL. political Corruption; Incompetence; and Greed.)
Not sure what issues Durkin is even conservative on! All his positions are shared by the Democrats.
According to Durkin being a better Democrat is the way to win more votes. After all his years of failure and all he can do is blame Trump.