-- 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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Lol… JB’s “ship” is like that hapless runaway freighter that crashed into that Baltimore bridge earlier this year:
“Why did the ship hit the bridge? A National Transportation Safety Board report released on May 14 indicated that the 947-foot-long cargo vessel had been suffering power problems before it left the Port of Baltimore, and experienced at least two electrical failures on the day before the accident…”
Pritzker has been in office for 6 years! How many years is he supposed to get? He has the nerve to suggest he isn’t getting credit for the good he has done? He owns the media and has gotten a free pass for the terrible effect of his extreme leftist policies. Things are terrible in Illinois, and they’re about to get a lot worse. With a $3B budget hole that is only going to grow in coming years, the Happy Warrior is going to be hamstrung and the ability to attract new businesses will be very challenging.
JB has been trying to deflect the truth about Illinois’ trajectory for years. Looks like the truth has slapped him the head like a wet fish. And he can’t blame this on Trump.
Pritzker says steering Illinois’ economy like ‘moving an aircraft carrier’
Yes, like the IJN Akagi. Or the original USS Lexington or Yorktown.
To an experienced Captain of an aircraft carrier steering the ship is easy when he has equally experienced people in charge. How many carriers have you heard of that ran aground or hit a bridge or another support ship? Did JB just admit it is very difficult to run Illinois when he has the Senate/House/Courts and even media on his side?
Maybe he should step down and let someone with experience run Illinois.
It’s JBs anti business tax schemes that are causing higher unemployment.
Will anyone tell JB that the bigger aircraft carriers Florida and Texas are managing to steer their course just fine? If he finds piloting the carrier too difficult, he should take lessons from those who know how to do it. And he should have learned that complaining about the voters not recognizing your supposed accomplishments is not a winning strategy.
A woke, corrupt, wildly incompetent aircraft carrier.
And who is to blame for this mess I think we all know the answer. They the Democratic demons of Springfield are to blame such a irresponsible group of politicians who are trying to destroy our country. Unfortunately Illinois is dead, gone, it will take a miracle to turn things around.