-- 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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The lunatics are just chomping at the bit to spread their cancer to other states.
Not likely any “Smart” states will need this idiotic model to copy.
A bunch of idiots running this state.
Senator Peters is exactly what is wrong with Illinois. People who know nothing about anything writing policy that affects us all
Illinois is a model of what not to do
Excusing criminality. What a model.
Future victims should send their bills to Sen Robert Peters.
Because every state wants to emulate Illinois, right?
Somalia is using Illinois as a model of democracy
Or is Illinois using Somalia as a model?