-- 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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Money stays where it is treated well, and doesn’t stay where it is not treated well.
A simply reality that liberals refuse to acknowledge.
Great article, Kristen. I was having a debate with some one I know, another Lincoln Parker, on this subject. His position can be summarized by saying “yeah but all the cool kids would never leave the green zone”.
As we can see from your article, that ain’t exactly true.
Keep up the good work.