-- 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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Congrats to the officers leaving for greener pastures. They see the anti-cop steamroller bearing down on them. The worst anti cop politician works right there in Springield. The one man mass gathering signed every pro criminal, anti freedom, and anti cop bill served up to him by the democrat party. Illinois is no place for a cop in a blue county.
huh….
who knew?
policies have consequences