-- 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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Honestly, don’t need a gift from Pritzker he doesn’t control my life, last time I looked I still live in a free country and I plan to keep it that way
This will be another example of King Pritzker ignoring the science when it doesn’t support his edict. There have been plenty of examples throughout history where people blindly followed their dear leader right off a cliff. Jabba’s ego will never allow him to admit he’s been wrong all along. We’ve heard throughout the pandemic how states that did not mandate masks were doomed. The media in Illinois barely mentions that only five other states currently deem masks necessary. The King is always right. Everyone else is wrong.
And just like the Hans Christian Anderson fairy tale, “The Emperor has New Clothes,” this emperor has no clothes.
Not a good visual regarding Pritzker. Ewww