-- 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 think the disaster was last summer when riots and crime rolled through the Mag Mile, Loop and Grant Park. There has been no recovery from that, and now it seems to be open season against law abiding citizens. JB won’t talk about that.
Has it never snowed or been cold in Illinois before unbelievable I remember years back when I was younger this type of weather was the norm. Pritzker is just show boating.
Little late to the show as usual Pritzker, winter is about over and we are now trending to a warming trend unreal always striving for tv time, 2022 time to go Pritzker
One more reason for him to keep Illinois under his FAT thumb and lock down.
There is no ‘normal’ Chicago snow or cold. On average we get roughly 30″ of snow a season. Some years we get next to nothing, and other crazy years we get 50, 60, 70″ of snow.
If the Dictator wants to protect Illinoisans from soaring utiliy bills he’ll squash the green new deal insanity