-- 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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Nothing about IL politics and government is transparent. That’s why IL government won’t turn over voter roll names, SNAP beneficiaries names and immigration status . How much fraud is going on for Democrats to hide this information? If there’s no fraud Democrats would turn this information over to DOJ. DOJ needs to subpoena this information. If information is not released, charge the politicians with obstruction of justice.