-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
I’m glad to see there are some young people who are going to try to help solve the state’s problems. I wish them well.
Malarkey. Also “We and other young elected officials objected to Mr. Kirk being given that platform…” Yes Mr. Didech, we are well aware that those of your ilk are against free speech unless it fits with your narrative.
Hahahaha so true. Mr. Kirk is the smart one here too. Didech is a leech.