-- 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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Such is the consequence of libs fleeing the nest their policies have fouled and moving to the formerly red burbs. Look for an increase in crime, Section Eight housing and all the other latte lib trappings.
JB Pritzker funded the opponents in a tyrannical goal of crushing all opposition everywhere.
The big money backing candidates from people like Ken Griffin is gone. JB had a good reason for not persuading Griffin and his $30B+ from leaving. Griffin and his money backing opposing candidates would have been a thorn in JB’s side.
“Reality check: The chaotic start to Trump’s term, including economic uncertainty, likely influenced voters’ decisions.
What they’re saying: “The Pritzker-led Democrats have put together an outstanding political operation,” former Illinois GOP chair Pat Brady tells Axios. “And the face of the GOP is playing golf while his policies destroy the economy.”
LOL could this article be any more biased. What a joke. This why I rarely ever click any links to legacy media. It’s drivel like this.
I cannot repeat enough: this is feature, and not a bug, of a one-party state. The majority party in a one-party consolidates their power up and down the ballot to ensure that the minority party loses every election. The Democrat Party in Illinois threw big money at ALDERMANIC and TOWNSHIP races, ensuring that the newly elected Democrat official is beholden to Springfield and not the residents of the town; and once they are in office, it will be nearly impossible to kick them out. Progressive candidates took over my entire town’s aldermanic races. My town is not progressive. There are… Read more »
Pekau pissed a lot of people off, including the police.