-- 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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LoL governor JB, pay the bills! This is taxpayer money and interest is piling up not to mention higher costs placed on the employer. These are not your toilets to avoid Illinois taxes. The Duck will be out with the moron on Nov 8th. Double D won’t get anything done in congress after the 8th. LoL dowels out $30K for mortgage relief when he has the worst employment rate in USA. These 3 are pathetic examples of what a leader should be. Get out and vote!
Planning on getting out the vote. I’ll probably help drive some of my neighbors to vote. I’m so happy with my $600 tax rebate. The governor really knows how to take care of Illinois voters.
If that is a single property tax rebate its only worth 50 cents on the dollar. Cash it quick, next week 25 cents. Was LoL’s picture on the check?