-- 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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Sorry WGN but you neglected an important part of how we got here in the first place. When the previous Thornton supervisor died, there was no primary to replace him. She was appointed. So, Tiffany, there has not always been a primary.
Just where is Kwaumie in this entire fiasco?
Working on that dangerous Christmas toys list, meddling in other states policies re transgender competition in sports and helping JB rig Wisconsin’s Supreme Court.