-- 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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This is Illinois, so we must use tax dollars to make it look like we are doing something. Be on the lookout for non-stop tax increases as this guy keeps trying to make it look like he is doing some thing. Does it EVER stop??? :/
New positions coming soon to your Illinois government: abortion coordinator, sex change coordinator, pronoun coordinator, crisis coordinator, wage slave coordinator (needed to pay taxes), toilet removal coordinator, etc. . .
Another $180K plus benefits of wasted tax dollars.
Maybe so, but for those who truly believe in the increasing presence of climate change a laissez-faire attitude from government officials has not brought us to enough amelioration on it. So, its arguable to such folks to think this may help and matter more than enough to justify the expense.
What is this position even needed for?
I want to buy the product, and the product is fit for purpose, then I proceed with the purchase.
No gov apparatchik needed.
N.B. – I have an EV and bought for purely economic purposes. No gov involvement necessary as that market is functioning. Hence, this is a BS gov job, but I repeat myself.