-- 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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The old adage that nothing can be said that is certain other than death and taxes may be true. If Greta were to come to Illinois she would find out that climate change may or may not kill us but “Death BY Taxes” will. Being taxed to death should be Illinois new slogan!
I would be embarrassed if our side was represented by a child who was brainwashed and terrorized to the point of becoming mentally ill