-- 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 good people of IL are finding out that Pritzker and the Leftist Democrats willful disregard and antagonism for federal law has federal funding consequences. Pritzker created this problem intentionally.
“Gov. JB Pritzker demanded answers from the Trump administration”
Call him an authoritarian Nazi a couple more times, maybe that will make him change his mind. It has nothing to do with violating federal law by coddling illegal immigrants that are a drain on the state’s finances.