-- 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 if you come you will pay with your life.
Clue # 527 that billionaire JB Pritzker would love to be President of the United States of America.
Chicago won’t get the DNC convention for the reason that nobody wants to be in Chicago in the late summer when violence peaks. The DNC isn’t lacking for money – they are more flush with cash than ever – so the offer of a free convention isn’t enticing. And it also makes JB look like he’s going to be the nominee and too many other people want that coveted nomination.
Pugsley — a truly repulsive load of crap — has always had to pay for friends and attention
Hmm, at least the Dems will get to experience what they’ve wrought; deserted downtown, closed restaurants, high prices and maybe a carjacking.
JB throwing his untaxed offshore billions around again to flex his fat.