-- 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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I for one am getting sick and tired or politician, government workers, and police officers being deemed some special class of people who deserve more protection than private sector citizens. Note how when you suggest they should be held to a legal higher standard of conduct they go screaming to their unions. This is the same logic they apply to hate crimes or whatever and it is all nonsense. Police do not deserve special protection. They are compensated for the risk ensued by their outrageous salaries and benefits. This is just Rauner again misreading the public, not realizing real conservatives… Read more »
He came out with that because he has nothing else. He will be smashed at the election cos he has nothing to show for his entire time in office. he even opposed Trump for pete’s sake