-- 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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The states that have managed their finances responsibly aren’t as concerned with federal spending freezes as are the mismanaged states.
I wonder what percentage of federal money makes up each of these 22 states’s budgets?
Governor Big Boy was counting on Uncle Sam to fund the ridiculous extreme progressive programs he started with free Fed Covid bucks. Well, you lose Big Boy, and the country doesn’t give a rip about you and your mismanaged state. He’s such a poor leader, always crying. If you can’t manage the state on the egregious tax burden you place on Illinois residents it’s your own fault.
JB needs to quit wasting our money on lawsuits, this and ESPECIALLY the ones denying the citizens their 2nd Amendment rights!
He can use his own money. Does not benefit IL US citizens.