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Pritzker press secretary Jordan Abudayyeh said, “The governor also anticipates discussing other major issues such as the need for a national approach to addressing the pandemic’s impact on unemployment funds and combatting gun violence. The governor will also meet with White House Coronavirus Response Coordinator Jeff Zients to discuss the COVID-19 pandemic.”
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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All Pritzker did was go to dementia Joe and see if he could get a job in Biden’s administration, maybe he’s catching on that he’s not well liked in Illinois and his re-election may be in jeopardy.