-- 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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Porky Pritzger or Gorgeous Gavin, who will the AWFL’s vote for? The horror…
Again, now that dem machine controls 100% of everything in state, who are they going to blame or invent with pritzker family trust $bucks$ as fall guy (Baily, trump, rauner, griffen, proft,ipi, wp…etc) when all the fed covid $ run out in a year or two and all the astronomical state debt comes due? For jb Ill debt don’t matter matter as Illinois is just a steppen stone to national politics and spending a couple $100 mil on Ill politics is chump change for him. And as the vast majority of his families $ are in off shore/ tax free… Read more »