-- 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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Get Pritsker out of there. Haven’t we had enough. Nothing and I mean nothing is getting done. Let’s wake up and smell the coffee. Angry and fed up. ENOUGH!!!
I hope it goes thru–but this is Illinois. Full of corruption.
Since half the signatures must be from the other party, I doubt it will go anywhere.
It’s the number, not the party that will be the determining factor if it is launched.
You need at least 10 D’s and 10 R’s from the state house and 5 D’s and 5 R’s from the senate. You can’t just go collect signatures from all republicans to get this done.