-- 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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Hope more parents and taxpayers get on board. The more people, the more power. I am glad to see that they are also calling out the weak kneed Republicans that we have representing us (or not) in Illinois. They stood down and let Pritzker destroy businesses and the residents of this State. They went along with all of the tyranny. Disgraceful cowards.
Shannon Adcock – Thank you for speaking up.
Vote the bums out!
And pushback they better