-- 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 to worry. They’ll simply gerrymander an R seat out of existence. Heads they win, tails you lose.
The slow circle around the drain continues on.
I guess all those Patriots in Illinois who forgot to mail in their census paper work made a good choice, after all. One of your blue congress critter’s votes will now be going to a red state. On behalf of the people of Texas we thank you. Well Done, Patriots
Illinois’ loss of national political power is beneficial for Illinois citizens whose fortunes are not tied to political industry special privileges.
JB is a dope! Listen him, thats why we are losing population-LOL
I read JB fatty cakes said in a press conference that the population loss was because college students were Attending school out of state. Does he really expect us to believe these obvious lies?
Pritzker and the Leftist Democrats that run Illinois have no shame – such a whopper! Why am I shocked!?