-- 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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I wish somebody would put a sock in this blabbering fools mouth.
That’s our gub. Tells so many lies he can’t tell the difference anymore
JB fear mongering as usual.
Apparently, even a sophisticated consumer such as Governor Pritzker falls victim to fake news. Sadly though he may also be a creator!
“ Step right up folks and hear today’s lie, hot and fresh from the ample mouth of Governor Butterworth! Hurry, hurry, hurry!”.