-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
The taxpayer and their families pay out their nose for this. Only way out is to get out. The public Unions have gamed the system and killed the golden goose.
the ROI for the government unions will bankrupt this state…
Ironically, cutting their own throats in the process…
“pigs’ get ‘fat’, ‘hogs’ get ‘slaughtered’…
One word to describe the Illinois public sector unions control over corrupt Dem pols;
RACKET!!
It’s what the voters want, right?