-- Connecting the dots between our economy, government and business --
"Mostly we saw lawmakers, though not thrilled to be meeting during a pandemic, deciding that, what the heck, they’d better get something done. Meanwhile, the pandemic continues. And Illinois waits on Washington. And the full extent of the wallop to the state’s finances remains to be seen."
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 one will be going to this casino. Who wants to do business with the likes of Lori and Pritzker. They have showed their ignorance as well as there inability to hire qualified individuals but continue to hire unqualified and poorly trained individuals in all state and city jobs based on affirmative action or lgbtq status. The places where Lori wants the casino is in the heart of the ghetto where tourists will not go and if they do will be robbed, carjacked or raped. And she will hire unqualified people in patronage positions to solidify her west and south… Read more »