-- 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 is all talk, no action. It was easy to drone on endlessly about being a sanctuary state when the border is a couple thousand miles away. Once Texas figured out how to deliver illegal immigrants, suddenly there was some work to be done. JB didn’t have any answers at that point, so the MAGA and xenophobic comments started to pour out of his enormous piehole. He’s a pathetic excuse for a human being. Keeps his billions offshore and wants everyone else to pay the freight for his stupidity.