-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Just once, I would like to see a reporter from CBS, NBC, ABC, WGN or FOX ask Pritzker why Illinois is consistently one of the worst states in terms of unemployment. Just once.
Do you really want to see that? JB would just make up some lie, and scoff at the reporter, and then that station would forever be blacklisted from JB’s $150,000,000 election bux he throws to the local medial every election.
What can I say, I’m desperate to see someone, from whom JB would expect undying allegiance, put the screws to the liberal elitist, just once. Sure, I should have higher aspirational goals, but I’m getting up there in years and I’m easily amused.