-- 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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No sympathies here. The news industry has gone from providing ‘news’ to a providing an agenda. Shes should go ahead and pop that valium. Or learn to code.
Just living in Illinois can give anyone PTSD. With the uncertainty of all the new and more tax’s to come how does anyone not have PTSD. More and more hard earned money is “Diverted” out of taxpayers pockets every day to enhance some public employees’ pensions and retirement. I’m sure this is causing lots of fear and anxiety about losing your homes (due to excessive property tax’s) and not being able to have a somewhat comfortable retirement. This is somewhat reminiscent to the 2008 mortgage meltdown and all the uncertainty that followed. Fight or flight mode is 1 symptom of… Read more »