-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Illinois is a sh.thole, not only JB but the democrat control for the last 50 years, but he’s a good part of it now.
At least he won’t be asking for campaign funds from Epstein this election cycle!
Pritzker is a poster child for term limits. Too bad Illinois, in all its self-indulgent spending and midnight voting sessions, couldn’t bring themselves to pass that law.
You and I both know whatever comes after JBP will be worse. JBP at least shows a modicum of restraint. JBP hasn’t begun imprisoning conservatives yet nor has he begun using the full force of the state to crush Republicans. He mostly just ignores us and calls us bad names. However, the next class of younger Gen X & Millennial candidates probably won’t show any restraint at all. Mayor Bliss is out on the other side of the county protesting ICE. I fully expect whomever follows JB to push the envelope as far as he or she can, and use… Read more »
Hopefully Pritzker Derangement Syndrome is spreading and Democratic sheep are waking up to his prioritizing illegals over them and fiscally and culturally destructive ways.
It’s just like when Obama was running for office. It’s not that we have to worry about the bad policies of an Obama or Pritzker but that we have to suffer the fools that would vote for them.
Lucky will buy the governorship again, decide to run for president, get trounced in the primaries and continue to make life hell for taxpaying IL residents. He reads like a book, the book being a tragedy for us.