-- 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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. =.B. Pritzker was asked about possibly repealing the Trust Act and said his focus is on getting the non-citizen arrivals the things they need.=
Translated to plain English. I will do everything in my power to see that they stay here and eventually become voters for the Democratic Party.
Kinda late isn’t it?
NYC is giving away free one way plane tickets and the timing is great.
She’s a carnival barker and MAGA extremist.