-- 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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Green County Wisconsin beer distributor reported over 200 bars and restaurants closed as in out of business. Same source said the number will go over 600 in the coming months. Triple that number in Cook County
But not ONE layoff for are chicago & state worker heros? Zero shared sacrifice. Is bankrupt illinois the ONLY state in country to have NOT made cuts?? The press and fake progressive’s never ask
I wonder where Queenie and the Fat F***K in Springfield are going to get the money to cover this loss of tax revenue?