-- 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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It is simply amazing that the elected officials in Chicago and Cook County go full on corruption no matter what office they hold. Blatant, open and notorious yet the dim witted voters in Chicago and Cook County keep electing Democrats who have proven throughout the years that is a giant swamp of corruption. Voters need to get some people elected who are cronies of the Madigan crime syndicate. Try electing some Republicans to try and balance the scales. Darn, I forgot, the Orangeman is bad, blame everything on him.
Vote blue always!