-- 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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Did anyone actually calculate the cost to see if it justifies exclusive resources for less than 3% of the general population in IL? JB never fails to demonstrate what an incompetent financial fool he is.
Hee hee. Worry about cost? Never.
Does everyone qualify, since i am not really sure what the + means.
Wonder if he was the first caller. Just sayin…
If you’re a US citizen, non criminal, and straight, Pritzker is against you. He only provides funding for “identity groups”.
Bravo Deb