-- 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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All Pritzker is worried about is his DNC he would otherwise not give a damn.
Pritzker has a couple of mansions in Chicago (I assume with toilets now) why does in not open at least one of them as a migrant shelter. He can afford to feed and house them.
Brandon has finally showed some spine standing up to JB’s money. He might be the first Democrat politician in all of IL to stand up to him and say “No More Shelters”. Good for him. Brandon will get credit where credit it due. No other Democrat politician dare whisper a negative word about JB, but Brandon is saying it out loud.