-- 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 gub has a big ego and a big empty head. He runs for president both will be crushed
Pritzker is a disaster to IL and would be worse in any federal post.
Pritzger. Weight. I see what you did there. Anyway, Waddles will be dissected like lab frogs used to be in high school on the national stage. He could possibly come off as being even more foolish than Kamala, and that’s a pretty high bar.