-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
All downstate residents have to do is ignore the fat man
Pugsley The Green Grifter
The bill might be tongue-in-cheek but on the other hand, why should Chicago be exempt from the blight of wind-farms and fields of solar panels?
Funny thing about Leftists, they seem to all be tyrants. Pritzker is no different.
Inside every Democrat is a tyrant waiting to burst out. Like a snake shedding it’s skin.
Duh. Just more Progressive utopia for JB’s 2024 and 2028 presidential campaign resume. All paid for by the Chumbolones of Illinois. Plus he gets a chance to mock the rubes downstate who supported his governors race opponent. Maybe they will come to their senses and become “Woke”.