-- 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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Hmm.. have the Tribune now become another “ carnival barker “ JB?
Another solid analysis and summary produced by Jeanne Ives – while the Tribune is whining 3 years later about an issue they helped create. How much better position would Illinois be in if Jeanne were governor? As for the Tribune, I cancelled my subscription many years ago – just another liberal rag these days.
Rauner screwed her with absolute lies, she had a good chance of beating the fat boy and it’s all lost now.
That’s crazy town. JB Pritzker had 2,500,000 votes in 2018, the most of any IL govenor in history, and was 800,000 more votes than Quinn had four years earlier. Jeanie Ives was the first iteration of “If we Republicans are going to lose, we’d rather lose with our non-RINO candidate instead of a RINO”. Bailey was the next in that line of thinking, and in 2026, it will be more of the same. Right now IL is unwinnable. As I’ve repeatedly said, JB Pritzker had 800,000 brand new straight ticket Democrat ballots magically appear in 2018, something no other statewide… Read more »