-- 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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Why did Freddie Pritzker Boost Benefits?
Because he is a Political Hack.
Only interested in looking after government workers, unions, special interests, cronies and lobbyists.
Freddie does not give a damn about the private sector. The state gets a bailout and still he raids private businesses for tax increases, after his plandemic brought us to our knees.
BTW Government workers. Enjoy your life of luxury while you can. Whistling past the graveyard are you.
You will not win Freddie EVER. I promise you.
VOTED OUT IN 2022. This is the way………