-- 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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It is hilarious when McConchie pretends he’s relevant.
This is exactly how the Soviet Union worked
Welcome to the world of ‘equity’ where the government screws over some groups in favor of others.
IL should just have a first come, first serve line. Tell healthy young people to wait, and they will. If you’re willing to get in line for the shot, you deserve to get one.
Springfield politicians act like there all irreplaceable guess what, wake up and get your asses back to the capital and get to work, stop this remote crap once and for all Welch and harmony Harmon resign or be forced out.