-- 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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Im becoming a fan of state Rep. Deanne Mazzochi, she seems to have more balls the Durkin or horrible Brady…and makes the major point–why do we got fat boy zoomen around playen dictator and callen all the shots? Other states are back in session making colabotative shutdown plans. The press never questions, just lappen-up the spin
The governor’s plan, she said, would deprive people of their livelihoods, property rights, the right to see the doctor of their choice, and the right of children to return to school “based on a promise of normalcy that may never happen.” And this is a violation of are constitutional rights, it’s time for us to stand up for are rights people. And as for you Zalewski all you are is a soldier for the weasel aka Madigan.