-- 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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This is why he will lose in November.
Voters know this is the only way he will be stopped.
JB has to continue the emergancy orders indefinitely because state distributes so much of fed covid arpa funds under emergancy order.
That’s easy Pritzker
Good darned question – the only answer that makes sense is “power corrupts and absolute power corrupts absolutely.”
We’re at the ‘absolutely’ stage.
The way I look at it, any day Jabba is still governor, Illinois is in a state of emergency.