-- 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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I wonder if the people that voted these governors into office wonder why they have the time to stump for the National Democratic party while their blue states slowly circle around in the toilet bowl?
Give it up JB. You don’t stand a chance of becoming president. You ruined IL and can’t balance a budget. Pensions are underfunded. Get back to IL and fix the mess you made here.
Remember people are naive and fickle, they believe everything and anything a politician says is true. Pritzker is the great bull shitter. He will lie and spend his way to office, God help us if he even gets the nod by the Democratic Party for President