-- 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
JB the Hutt is the only thing big and ugly in this discussion.
Et tu, Railroader? Your usual comments are so good — factual and substantive. JB fat jokes should are for folks with little else to say.
JumboJB, just grab some more out of the Roads budget, like you did for all the Democrat Pork. This is a game of 5 card monty…and fatboy is winning because nobody is looking.
Governor WIDE-LOAD is not one to talk about job losses
Pritzker and Leftist Democrats create a huge new welfare class with illegal aliens and now blame everyone else for not going along with their schemes to defraud America.
Vote Pritzker out. But will have to combat voter fraud that’s protected by the Democrats.