-- 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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Do you pay your car mechanic before or after your car is fixed? Crooked politicians are selling something that is not physical, their influence or vote. They are getting something tangible in return…$$$$ for this influence or vote. They are still crooks when they do this and only a politician could come up with convoluted BS like this.
Good idea! Let’s make it easier for politicians to steal more money than they do now
Thank you for the downvote Mrs Madigan
Agreed! Who cares if it’s easier for politicians to go to jail??? I don’t care!