-- 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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Reducing bloat isn’t a sketchy alternative. There are many firm ways to reduce bloat. Dems don’t like any of them.
Hey Ralphie boy, just go into any Chicago city office and fire everyone asleep. You will reduce the payroll by 90% immediately.
The public union shill from River Forest hath again spoketh. No mention of the use of temporary covid money used to fund permanent programs and city payroll additions. No mention of billions wasted on illegals. Businesses and people leave and Ralph’s plan is more, more, more of the same policies that not only are harmful, but increasingly so. Why is Martire given any consideration by anyone not in a public union?