-- 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 a bunch of lies. IT IS NOT the answer to the problems that Illinois has. One of the problems is that it is run by a bunch of people who are hungry and sick with power and want control. Why do you think people are leaving the state so quickly. Pritzker, Lightfoot , Madigan, Casten, Dubin, Duckworth they all are sick with power and the money grab.
Keep on taxing the Illinois citizen and there will be no one left.