-- 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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F… that!
On track? This sounds like the late George Warrington insisting that Amtrak was ‘on a glide path to self-sufficiency.”
This spending should have been halted months ago.
How about ending all healthcare coverage for illegals. Maybe focus on US IL who can’t afford medical insurance or healthcare?
This only applies to those 42-64. Those illegals under or over that age still get taxpayer money for this.