-- 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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Have avoided Chicago for many years—many Illinois citizens another reason to LEAVE.
Just avoid going to city of Chicago- easy
She could eliminate the “Yellow” at all traffic lights. Just red or green should bring in some extra revenue. Would be interesting to see how many accidents could happen.
What about putting weigh scales all over the city and institute an obesity tax. After all they have them for trucks.
Nice, a BMI tax! Put a scale on the front porch of the governors mansion.