-- 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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JB, you have no idea what it means to work for a living. To sacrifice – to provide for your family. And, you have ZERO skin in the game. One can only hope you have an opportunity to reflect on how YOUR decisions impact people… A HUGE does of humility and a visit by the three ghosts of FREEDOM would be an awesome Christmas gift for all of us impacted by your ignorance.
This is shameful. Hope you like Olive Garden and TGIF’s and McDonalds because these will be the only restaurants left when JB is done destroying the state. It will likely be years before new restaurants open, as owners go bankrupt, and the commercial spaces that leased to restaurants go into foreclosure. This affects the entire supply chain up through food manufacturing, supplies and staff. What a disaster. You own this JB, you own this.