-- 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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“Partisan bickering” does sound much nicer than “The few remaining Republicans in Illinois are averse to being railroaded”.
Agreed. The dissenters appear to have every right to be pissed.
The Democrats would put dissenters into camps if they could.
There never was any serious attempt to reduce property taxes
Again all I can say is welcome back my friends to the SHOW that never ends come inside come inside
Seen ELP twice Those were the days.
Freddy
Yes those were the good ole days. Today’s times are very very scary for all.
Would you expect anything else. IDIOTS JUST PLAN IDIOTS all a big setup one giant smoke screen. Pritzker your a big dud and you know it.