-- 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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Chicago is done! As long as the dumbocrats run the city and cook county!
So glad we left last year!
Keep voting for the same misfits and don not expect change fools!
North Riverside is in Cook County! Don’t forget the vibrant North Riverside sht magnet mall. Schaumburg to North Riverside? You’re closer to the Zoo, but also in it!