-- 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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Oh, yeah; they’ll begin right now working on those things. We’re talking about City of Chicago employees, right?
This is the first magazine really addressing the issues in Illinois. I feel bad how this state is declining purely because of the government officials. Is the govt blind that Illinois people and businesses are leaving go south states for good like TX, FL, AZ etc. Why are they not doing anything to attract businesses in IL? Shameful! We elected you to help Illinois people but not go make us suffer.
And the people that want to stay stoned, drunk, gamble and cheer on horrible sports teams continue to vote them in. I don’t want to hear a peep out of anyone that voted for these crooks after they showed us what they’re about.