-- 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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THEY ALL NEED TO LEAVE OR LET THE RICH GOV SUPPORT THEM
Has anyone told these jumpers now they are in Illinois that each of them much assume their portion of all the liabilities? Give them a bill for what they owe to the pensions somewhere around $42,000 for a small family. They paid the cartels to get here and now they owe the Illinois cartels way more.
Alternate Lead: “Idiotic Governor and Moronic Chicago Mayor begging everyone to help clean up their mess.”