-- 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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The thought of JB trying to “outstrip” Biden is frightening. Thanks for putting that idea in my head Jan.
Pritzker’s own family , Hyatt hotels and the Marmon Group, would not hire him. Why should we? As previously noted, his recent accomplishments include an increase in pot sales and gambling revenues. Illinois population continues to decline. Public pension deficit continues to grow. What a guy! The bigger picture is in 1950 Illinois had 27 representatives in the US House. Now we have 17. A major Democrat achievement and Pritzker has done nothing to improve our national standing.
AND HE NEVER WILL.TO BUSY PLEASING HIMSELF
If he becomes President – which should never happen – I am moving to the Dominican Republic. Friends moved there 2 years ago and I have visited regularly with no worries.
HEAVEN HELP US IF HE EVEN GETS CLOSE…….JUST A CONTINUATION OF OBIDEN