-- 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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This fat pos is clueless…IL is bankrupt after decades of corruption and mismanagement….stick a fork in it IL is done.
Jabba’s blank check amendment is one of the scams the attorney general warned us about
Those Fair Tax rates ain’t gonna save us, JB. You’re promoting a new tax that leaves a giant hole in the budget. That’s willful negligence.
It’s not up to Pritzker, Madigan, or any other member of the Illinois General Assembly. The voters will make this decision and they will own it.
They will get the new tax,The big dems will tell all the worker bee dems to vote for it and they will!