-- 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 is the very reason people are fleeing for their economic safety.
Highest taxes and not the change of a Nickel, says it all.
Voted with my feet over 20 years ago and left Taxistan.
Consequently my bank account has an extra $200,000 in it.
Illinoisans quit being a tax mule for the public sector unions!!
“Woke Progressive” = “Massive Financial Mismanagement”
Sheet Man this is nothing. Aliens are coming to earth to sell crypto currency! Magic Beans will be sold in gas stations!