-- 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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JB will talk to anybody that will listen, and try to force himself on those that won’t. He is so convinced of his own greatness that it drives him crazy when others don’t see it or won’t acknowledge it. The man who claims to follow the science refuses to listen to cold hard facts. He has made Illinois an inhospitable business environment, yet insists that businesses want to come here. He ignores every piece of information to the contrary. Winter is coming.
The only thing that will be accomplished is an assortment of phot-op photos of Pritzker and his yes men/women to be used in his run for President