-- 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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Not holding my breath to see if he walks thru the doors of the courtroom.
Will the Sheriff be dispatched to apprehend Pritzker? If Pritzker resists, I hope there is a take down.
I’m sorry, but I have little faith in our states government…
The (D) (R) combine will cover for him…
It’s the Chilinois way…
For some reason I feel it my bones and predict Governor chuckles will go down sooner than later. 3 square meals and a cot are now ready for you. P.S I will send extra hand sanitizer and SOAP.
JB better bring his tooth brush….