-- 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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Surprised Illinois is not first.
With Lard A** at the helm and windbags of Durbin and Duckworth.
Does anybody really believe that ethics reform is a priority in this state? Pritzker playing to the gullibility of the leftist sheep.
Here we have two news outfits bloviating on the same report. This one by Center Square reports that Illinois is number 2 in corruption. The other report from WTTW says Illinois is number 3 in corruption. I don’t doubt that Illinois can get to that coveted number 1 in corruption spot by trying just a little harder, but who can we believe. These organizations were both referring to the same report by UIC. They can’t even agree on what the ranking was even though it was clearly written in the UIC product. The new motto of news organiztions is, “We… Read more »