-- 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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Of course not the taxpayers will be on the hook, come on there’s no freebies.
It’s always someone else’s fault with these Leftists.
So the buffoonery at IDES, which continues to this day, is caused by the Trump administration? Is it any wonder that almost no one believes the dribble that comes out of the Pritzker lackeys. I suppose Trump is also responsible for the IDS phone system being a disaster, the offices being closed for months on end, and no response whatsoever to any written communications. Illinois will just keep sinking faster and faster into oblivion as long as we accept such blatant CYAing.