-- 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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Susana Mendoza cautioned lawmakers not to use the current surpluses to enact new, permanent programs
Do you get the message voters?
Worried about pension debts…demand these credits not be enacted and devote the funds to the pension crisis.
Giving one group a tax break causes others to pay more at the end of the day. Let’s see how the voters act on this next election day. To be sure the ones getting the benefits will show up.
Illinois Democrats Want Another Welfare Giveaway That Destroys The Incentive To Work