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Gotion has a substantially identical project underway in Manteno, Illinois, which is likewise heavily opposed, yet Gov. JB Pritzker has expressly refused to answer any questions about it.
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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If Michigan voters even consider voting blue after Whitmer’s weird, pseudo- communion with Doritos video ( right up there with Jill Biden’s Salvador Dali Christmas video last year ) , then I guess the Chinese doing business in their own back yard is no big deal.
>>> Gov. JB Pritzker has expressly refused to answer any questions about it.<<< That is a very large part of the problem right there. Why isn’t the media, including the Tribune and Sun Times, demanding answers from Pritzker on this? OK lets assume the media was fawning over Pritzker with hopes of a possible Presidential nod and resultant large sums of advertising money to fill their coffers. That didn’t happen so what is the excuse now for ignoring the Manteno situation? There is a reason why freedom of the press was so valued by the founders and enshrined into our laws… Read more »