-- 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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DNC approaching rapidly. Time for “Everyman Pritzger “ to start pushing taxpayer friendly initiatives until the January after it is over, when they will be recinded one second after midnight.
Figure out how much money you’ll save a year paying one percent less for groceries. Who said our governor isn’t looking out for the IL taxpayer?
$200 a week is $2 a week is $104 a year. That barely buys four drinks and two large pizzas at my local pizza joint with tax and tip.
I know; I was being sarcastic … should’ve made that clearer.