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.
Tik tok, it’s only a matter of time…
Illinois State employment percentages…African Americans apparently hold government jobs in a statistically anomalous higher ratio than that ethic group’s percentage of both total population and workforce population.
See page 9 tables of statistical reports from IDES, citing US Census source data:
“The chart below contains Illinois State employee, general population, and available labor market
data during FY 2019. As reflected, African-Americans represented 14.6 percent of the general
population, 12.5 percent of the available labor market, and 21.5 percent of the State’s workforce.”
To source see link near bottom of page
“2020 African American Employment Plan”
https://www2.illinois.gov/cms/personnel/DEP/Pages/AAEP.aspx
Maybe LL and “big guy” gov will finally admit there’s a major problem. Instead of blaming it all on Bruce Rauner, some real decisions will need to be made. Hey, has anyone seen our comptroller SM???!
Spend money like Illinois and going bankrupt is easy.
Promise Huge Pensions only God can afford to pay.
Tax people some much that they hate the state and leave in huge numbers.