-- 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
Well what do you know, another Pritzker screwed up in an effort to spread their special brand of liberal progressive socialist wokism BS across the country. I’m starting to think these Pritzker people are idiots that just happened to fall into a pile of money from rich relatives. What would these Pritzkers be if they didn’t have billions to throw around to buy political offices and boardroom positions? Worthless socialist activivists.
Kinda like George Soros but not as rich…