-- 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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Pritzker’s idea of common ground is that everyone needs to agree with him! If they don’t it’s right back to name calling and outrageous claims.
Huh make it a little easier for people ya ok Pritzker only way is to move out of Illinois
Someone get a tissue for Rick and Jeremy after the lip service in this puff piece. As per usual, the Trib acts as cheerleader for the continued destruction of Illinois by its politicians. Illinois’ Governmental fail-ups describe their detriments as accomplishments and the Chicago Media dutifully amplifies and affirms their spin. Remember, these Trib dolts scolded President Trump and amplified the Democrat fail-ups’ insistence that Illinois was a welcoming sanctuary city up to (and even beyond) the point where Chicago couldn’t house and feed all the takers that the fail-ups welcomed in. The Trib now has the nerve to act… Read more »