-- 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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What a pompous ass. The Wealthiest Politician in the Country may be able to use his Inherited Wealth to Buy a Governorship, but not the Presidency of the United States.
The DNC is stringing Big Boy along as a way to keep their brand in the news. Remember, even bad publicity is still publicity. Let Trust Fund blow through his own money as fast as Kamala did ,keeping people from totally forgetting about the Dems, and then pull the rug out from under him like Joe courtesy of, well, Kamala.
Please run. I want to see you at the podium beet red and with tears on your cheeks giving your concession speech before the polls close in California
Can’t rule anything out except fiscal discipline.
Ha!!! Funniest comment of the day.
Pritzker has ruined IL, he won’t be voted in to ruin the entire country.
I think you can rule that out, JD. That is, if you don’t want to pour your money down a hole.
Nooooo……we WANT JB to pour his daddy’s $3.7B down a hole with this pipe dream. Encourage him!! A penniless JB would be the best thing possible for American and for Illinois. Pour every last of his daddy’s pennies into this campaign!!