-- 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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What’s with the doom and gloom? According to Governor Blowhard, the state is doing swell, and the sky is the limit. Of course, he’s completely out of touch with what the average person and family in this state has been going through with out of control inflation, rising interest rates that are unparalleled in our history and now job losses. The smug rotund one doesn’t care about the average hardworking Illinoisans though. He’s more concerned with the couch dwellers and irresponsible of this state. Free money and no law enforcement is his motto for the base he panders to on… Read more »
The food inflation is really scary – it’s like weekly double-digit price increases in the grocery store I shop. My wife and I live modestly and our children are grown, so we can find the $$$ to pay but there is a limit even for us – we’ve cut way back on eating out already. The young family down the street is not so lucky – the Mom was shocked when her power bill had nearly doubled from a year ago. J.B. Pritzker and the Leftist Democrats are a economic menace with their crackpot ideology.
GOP in Illinois are spineless enablers. Do not expect much from them.
GOP should make Governor Pritzker answer for all the Biden policies — as well as his own — that have made Illinois toxic for business