-- 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 missed where Jabba mentioned he gets even more money the longer COVID plays out through his private equity ties. Has anyone been out of the state (noticeably all the states surrounding IL) and experienced how “normal” other places are? Why are voters putting up with this sh*t?
The upside to this policy, if it’s actually enforced, is that government workers who don’t get vaccinated lose their jobs. I see this as a way to reduce government employment at both the federal and state level.
The goal is to smoke out the remaining few conservatives in the public sector so they can have complete ideological control. It’s not about the virus. It is about punishment and power.
Remember JB thinks he’s the leader not a follower. According to him everything in Illinois is just spiffy.
Who’s the governor kidding…?
He can’t wait to bully us around some more…
For our safety of course…
I give Pritzker 1 week and bingo he will say he is saving lives and mandate vaccines.
This is simply a Biden gang dog whistle to diminish the spotlight on the bungled Near East exit. Get everyone wound up about Covid before they really discover what we left behind.