-- 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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Unless their brains have entirely become mush, taxpayers in IL need to remember they are one stroke of a pen away from locking kids out of schools and sports again. Are their kids worth the sacrifice of keeping Dems in control?
“Power corrupts and absolute power corrupts absolutely,”
Pritzker and Illinois’ crooked teacher union racketeers robbed children of the education they are entitled to, with all their COVID power grabs — make this a prominent campaign issue