-- 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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So, we’re did all the subsidies taxpayers money go.
Some found its way into political coffers. Guess which party…
Total scam from the beginning. Lion had no customers lined up, no book of orders, no real business plan except living off federal and state handouts. The busses never worked as promised. They were junk and the pols knew it but kept pushing the phony scenario. Pritzker will get tattooed on this pretty good if he ever tries to run nationally. This is just one chapter of the multi billion dollar cesspool of woke green fraud that the Dems have foisted on taxpayers, with busses, solar panels, batteries and all the other lefty bogus technology that never made any economic… Read more »
“Herscher navigating changes” As the great Daffy Duck would say, “That’s rich, I’ll say.” Future Illinois six figure pensioner Richie Decman bought into the Climate Religion using Uncle Fed’s money. School superintendents don’t usually hang around a school district too long, lest the taxpayers tire of incompetent shenanigans. When these pricy bus substitutes inevitably fail, Richie will no doubt be on to his next pensioned superintendent’s job, leaving Herscher schools with sunny feels about pretending to save the planet, but greatly reduced or perhaps nonexistent bus service. With one of these prizes already stuck in the shop, I would guess… Read more »