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The full interview is here.
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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New money vs. OId money. A tale as old as time…
Watch the whole video. Says a lot about Chicago and Illinois.
Citadel’s Ken Griffin on the Fed, Chicago crime, Debt Limit, ChatGPT – YouTube
Illinois lost a crown jewel when they lost Ken Griffen.
He also said to call Chicago a third world country would be an insult to third world countries.
He is spending billions in Florida; they are the big winners.
I believe the term is ‘killing the golden goose.’
And I hope Griffin means it – a country under Pritzger’s thumb is unthinkable.
Our thought leaders and influencers laughed and mocked Griffen when he left, told him to not let the door hit his butt on the way out…I don’t think they care that he’s gone. He’s a wealthy cisgender conservative white male. Our state would rather have 10,000 homeless illegal immigrants instead. They’ve made this abundantly clear.
Why do you feel motivated to speak on behalf of others and make wacky conflations? This tortured assessment of yours is ridiculous. First off, actually identifying “Our thought leader and influencers” destroys your posturing and reveals your true sentiment. You don’t speak on behalf of me or anyone else. Just yesterday, I got you to admit that 2.5 million people voted for Trump; there’s probably a lot more opposition folks now, too. I guarantee you they weren’t laughing, and don’t consider those that mocked Griffen their influencers or leaders. No, our state would rather not have 10,000 homeless immigrants instead.… Read more »
“Our thought leaders and influencers” was sarcastic. I don’t really believe that Democrat operatives are ‘our thought leaders and influencers’. But the democrat party position was pretty uniformly that IL will be a better place without alt-right Griffen in the state. As for my comments sections, I post here because, quite frankly, I have more time on my hands than I know what to do with at the moment. I also sit at a computer all day away from my home with lots of down time waiting for various other things to happen in the world before I can do… Read more »