-- 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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$171 million. That is the amount of his own money he put into his recent governor campaign, per nbcchicago, in 2018.
Democrats railed on Rauner the millionaire gov. And then they turned around and elected – overwhelmingly – a billionaire head of government, who inherited and hides his money and refuses to release his entire tax returns. Sound familiar? It’s like Trump!
Why isn’t Kwame demanding Fat Slob release his full tax returns, including that of his offshore trusts (which are paying zero state income tax)? Why isn’t he subpoenaing his tax returns, fishing for a crime, just like all the other Dem attorney generals are targeting Trump? The hypocrisy is unbelievable.