-- 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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Such a disgraceful person, Build Illinois ok such a joke.
This one is for the history books in terms of lies, distortions and suicidal policy. Thousands of pages of research collected here at Wirepoints say why.
JB the Hutt’s mendacity is simply breathtaking. The Hutt subsequently taxes each exhalation.
JB the Hutt:
“All of the issues facing Illinois are Trump’s fault. Here is a balanced budget.”
The Hutt is not a serious person.