-- 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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It would be amusing to see Trust Fund get out there and mix it up with the NG, ICE, etc. He’d better bring his security detail and the fawning syncopates he surrounds himself with. More than likely, he’ll show up, bloviate for a minute or two and leave, or do so from the safety of Springrad.
Most citizens will put out the welcome mat
Action will be met with response, I take this as a direct threat against President Trump and National Guard troops, again Pritzker inciting and inviting violence Pritzker must must be voted out in 2026in Illinois