-- 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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And just a few days ago, all the parrots on capitolfax were praising JB for secretly chartering private planes from China for what now appears to be millions in tainted PPE supplies. Everyone worried Trump or FEMA would confiscate the merchandise. Too funny…
https://capitolfax.com/2020/04/15/pritzker-plans-to-secret-millions-of-masks-and-gloves-out-of-china/#comments
By tainted, we mean counterfeit. China’s exports of real masks was stopped months ago. Dumb dumb bought fake, defective and counterfeit masks at a premium.
Scandal, what, 101 now? These scandals keep piling up! But IL fired a millionaire gov. who earned his money and elected a billionaire who inherited it. Because orange man bad. we get the government we deserve!