-- 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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Vote Pritzker out of office if he runs again here he is as usual blaming somebody else for all of Springfield’s issues, malfeasance stupidity etc etc etc. Again, Donald Trump is so unpredictable it’s all his fault, so sick of hearing your same ole song and dance get the hell out of Illinois, please.
He’ll never lose. He was one of the worst (but not the worst) leaders during COVID-19 and yet he decisively won his reelection bid with the 2nd most number of votes of any gov. candidate in IL ever. The normies in my area said, “JB is doing a good job, he’s keeping us safe from COVID”. My apolitical neighbor told me that. I like my neighbor a lot but just clueless that every other state surrounding Illinois was 10x more open and had in many cases fewer covid cases.
Keeping us safe from COVID ya ok guess your neighbors are that clueless sorry to say, and yes I do agree he will never loose because there’s not one signal Republican in this state planning on running, Illinois is dead in its tracks, it’s that I just cannot stand Pritzker, such a despicable individual.
Big question for me, is Illinois ONLY state trying to make all $billions in ARPA-COVID fed spending in state budget on new hires, expanded programs, etc permanent to be paid in future budgets by tax increases on dopey taxpayers? Or are other states making cuts? What are our neighboring states doing?