-- 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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And like a flood, there’s a lot of s*&t to clean up. I predict it’ll be over once the cash faucet from the government is turned off.
It is seriously time to question whether Pritzker has mental health issues. We’ve all moved on Jabba. You can play pandemic as long as you want. The rest of us have decided two years of your power grab were enough,
The governor has spoken! The pandemic will end when he says it does and not a moment sooner. So there, Illinoisans! Hope we live to see the end of it.