-- 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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Another Pritzker gem. In the name of equity, let’s redistribute mismanaged finances to others like METRA.
Well, the leftists sure do have a lot of agenda items competing for the same pot of money don’t they? Service cuts are just what we need! Learn to live within a budget, or we’ll do things the hard way. Of course, the author had to throw in climate change and carbon footprint, because, well you know. Sorry, but public transportation entities need a hard dose of reality.
CPS needs billions more, the universities need more money despite a lack of students, all pension debts are rising and Pritzker is teasing about a third term. Raheem and Daley saw the handwriting on the wall and bailed.
Kate Lowe, please read this. From 2016 through 2019, Chicago’s thug element ran wild. Useless political animals like Kim Foxx, Lori Lightfoot, Tim Walz, and JB the Hutt did nothing to stop the degradation of civilization that the unfettered thug element caused, all while Kamala Harris raised funds to keep the thugs on the street creating mayhem. With conditions rapidly melting down in the Loop, Companies left in droves along with their employees, with some fleeing Illinois entirely in favor of a Red State address. This had the side effect of the closure of most of the businesses dependent on… Read more »