-- 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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Who’s paying to ‘host’ these runaways ? Are the Texas legislators, the state of Illinois, Pritzker personally ?
If they are taking “resources” which are obviously financial in nature, will they pay federal income tax on these “resources?”
Pritzker thinks he’s a comedian? Thanks to him, IL is a national Joe, and his gerrymandering was exposed nationwide.
Damn doesn’t Putzger speak badass great ?