-- 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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Surprise! JB the Hutt is caught profiting (offshored of course) from Covid. Big shock there, JB the Hutt, despite his big fat trust fund (offshored of course), is just another Illinois politician on the take, trading insider information to line fatten his bank accounts (offshored of course). Meanwhile the Potato-in-chief mumbles about taxing billionaires’ earnings, realized or not. How long before the DNC has the IRS thugs come after everyone’s unrealized gains? Do think they won’t? Remember, this is the same bunch of humanitarians who demanded that credit card companies and eBay send retired grandmas 1099K’s for a few hundred… Read more »
But, hey, no fossil fuels, amirite?
No under the table envelope passing was observed, everything was above board.
But I thought JB’s trust was a blind trust? I’m sure this is just coincidence! Just like all the other slimy stuff the jumbo sized liberal elitist does.
Is that how his family made its fortunes? Smart investing?
This is unethical and unconscionable.
Remember his shenanigans in November and VOTE THE BUM OUT!
The Pritzker’s made their money in real estate, union-busting, and under-paying minority labor.
This is so completely ridiculous. NO politician should be able to own individual stocks. I would say that a good starting point is a mutual or other fund with a minimum of one hundred holdings AND a net worth of over one billion dollars, AND no individual holding can comprise more than five percent of the total fund. I’m sure that someone would find a workaround, but like I said, it would be a good starting point.