-- 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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Gosh I’m such a fool. I’ve actually paid medical bills. What’s wrong with me?
How does this work???? $10 million divided by 300,000 equals $33.33. Sounds like they’re paying the debt for 300,000 people but it states up to 300,000. Lot of detail missing in this article.
Can’t let simple math get in the way of progressives’ message.