-- 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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What’s in it for you?
ABSOLUTELY NOTHING
This column reads like a Pritzker campaign ad. Nothing about much higher rates.
So it sounds like lower income people of Illinois will ONCE AGAIN be funding the ‘green’ dreams of wealthy Leftists.
IF Illinois Leftists were truly ‘progressive’, they fully find solar for low-income folk.
Here’s how it plays out: rich folk get all the subsidies(because they can afford to take advantage of the ‘gimmees’ in the bill), while poorer folk pay for increasingly expensive fossil fuels to heat their homes and run their cars.
WHAT a scam on the working man.
Good summary, too bad the media doesn’t break it down that way.