-- 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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Wonder when people in Illinois start to revolt over Pritzkers ‘executive orders’ because of the Covid-19? I fully expect Pritzker to continue granting himself executive powers for years – why not?
Illinois doesn’t pay the vendors anyway
Farmers should show up anyway to riot and loot
Yet again.
Outdoors and this does not spread as much in the outdoors. But Pritzker just wants to ruin the Illinois economy.