-- 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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Pritzker warns a lot. However, when you set the table for encouraging federal troop deployment to your state by not enforcing federal laws, you tend to have a high percentage of your related warnings come true. Also, water tends to have a high percentage of time being wet.
Quit? They should be ejected. Opposing federal immigration law, encouraging illegals to their state, both lax on crime, both high tax and spend “progressives” without achievements beyond self promoting themselves, are these attributes helping that organization?
Do you think the NGA will miss them? There are more Republican governors than Democratic ones, so how much influence does Pritzker and Newsom have?