-- 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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100% of Illinoisans don’t believe he can run at all.
So 60% don’t want Pritzker to run for president do you want him to run for office again in Illinois.
On the flip side if Pritzker ran for president and won would he look into a bailout for pensions?
https://www.pewtrusts.org/en/research-and-analysis/articles/2022/07/07/states-unfunded-pension-liabilities-persist-as-major-long-term-challenge
Does this mean 40% of Illinoisans do want Pritzker to run? Sounds scary to me and it isn’t Halloween yet.
Who could possibly want him for President? One of the architects of the collapse of Illinois would only do the same at a broader level. If he sticks his toe in the water he will get hooted out of town on the national level.