-- 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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Love this article–just the simple truth. I hate the policies of Illinois and I never want to see Chicago again.
Chicago belongs to crooked politicians, greedy union thugs (mainly so-called teachers), gang members, and every type of criminal you can think of. Pritzker and Brandon do not care about crime victims.
So glad I left.
All of the states that are bleeding out residents (IL, NY, CA, etc.) have the same failed progressive policies that lead to high taxes, high crime, hostile business climate, failing schools, and fiscal implosion
Call it the Big Blue State Fiscal Doom Loop!!
No amount of taxes will fix the terrible policies corrupt Dems have enacted in Taxistan!!