-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
What a crock of Pritzker crap when things get to hot and are published by the local media and Pritzker’s malfeasance is exposed he comes on the scene like he is a big hero, throw money everywhere with no accountability, November 2022 vote this blowhard out of office.
What a hoot. Replace one badly managed state facility that Illinois isn’t capable of supervising with 10 or 12 different “group homes” that no one will be able to keep a rope around. As I recall, it wasn’t too long ago that the horrors endemic to the group homes were all over the news. Illinois excusing itself by saying, “There’s just too many, we can’t keep track” and the group home operators themselves dodging questions and hiding under rocks. Closing badly run institutions – instead of fixing them – and throwing the developmentally disabled and mentally ill out into the… Read more »