-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
This is all Pritzker’s doing.
He wants applause for his behavior since this began.
NOT going to happen.
Want to know why Illinois is in the sad shape it is (Yes he is a LARGE person too) is because of Jag Boy.
Shocking. What a dangerous political hack Pritzker is. No remorse, no guilt, no concern except for his government workers, lobbyists, special interests and unions.
Our Governors should NEVER be allowed or have the powers to shut down private sector businesses again. Ever.