-- 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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As Pritzker Trashes Illinois During His Failed Governorship, He Sinks His Inherited Ill-Gotten-Gain-Billions Into The Chinese Communist Dungeon
Seems that the powers that be are slowly testing the waters for defying JB. This might be the first of many institutions decide to endorse our first black governor rather than the incumbent giant jelly donut.
That order from Judge Grischow in Springfield was the shot heard around the state and showed the masses that JB’s executive orders were nothing more than pieces of paper.