-- 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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Nothing JB has a hand in is ever in peril as the blue sheep and those trapped in ILLinois dutifully line up and keep funding his Rube Goldberg fantasies. He never lost a dime on violence interrupter schools or unicorn fart factories.
Hey JB, want to place a wager on whether Illinois will have one million EVs on the road by 2030? Another Pritzker L.
He can always send more taxpayer money to Lion Electric to “unperil” the situation. Does any state hand out more taxpayer subsidies per capita or per business than Illinois? Even if we’re not #1, we’re probably high in the rankings, as we often are in undesirable categories.