-- 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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I love this. Old JB still wants what Pelosi promised him back in March.
Keep your state locked down for as long as possible and ride out this virus like it’s really a killer and we’re gonna bail you out JB. OK Nancy, I’ll do your bidding but can I keep my hotel gyms open and can me and the Mrs. fly off to Florida to ride our ponies and get some hair cuts done and you know, leave these dumb ass Illinois people to remain in their small dinky homes? Sure thing JB. signed Nancy P.
Ink isn’t even dry yet and he has his hand out already, he’ll no Pritzker no money no bailout for Illinois no wonder he won’t reveal his so called 700 million in budget cuts, he states it’s happening behind the scenes. Impeach this man now.