-- 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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Seeing the “leadership” throw the best leader to have come along… Jeannie Ives into a wood chipper smear campaign because she had the audacity to actually be appealing and win something in this state. And win it on the main issues, not on cronyism. Or seeing a milquetoast like rauner literally unable to express a single smidgen of anger over how this state is run, but instead be a passive-aggressive wimp for four years. Makes me want to leave the state even more. That party needs more blue collar forgotten’s who understand the numbers and are truly pissed, and fewer… Read more »