-- 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 never had a real job in his life. An heir to the Hyatt Hotels world wide fortunes, even his own family would not hire him. Why should we? His “leadership” continues to see Illinois population decreases, corporate avoidance of Illinois due to tax concerns, continued allowing the public pension debt to grow. Illinois congressional representatives have fallen from 27 in 1959 to currently 17. And he wants to be VP? He’s just another tax and spend Democrat.
Yet, he’s running the state exactly how progressives want the state run. Progressive leadership is a complete disaster by every measurable and objective standard. But here’s the rub: progressives don’t use YOUR metrics to evaluate leadership. Population loss, businesses leaving, pension debt…none of these are important to the progressive. They evaluate leadership by other measures: abortion access, high and not low tax rates, how few criminals are put in jail, how much crime criminals can commit, how much they can pander to the bottom %’age of of voters. This is what matters to them, nothing else matters. You have to… Read more »
Governor TUBBY when promoted to VP please at least rain money on your BROKE STATE THAT YOUAN THE DEMOCRATS HAVE DESTROYED
I would rather vote for a garden slug than vote for Jay Robert Pritzker.
What to know: Don’t. Trust me. Just don’t.