-- 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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How can JB have aspirations to be president when he can’t even manage the state of Illinois? His own family (Hyatt Hotels Worldwide) would not hire him. Why should America. His record of mismanaging our state is sufficient for disqualification!
That’s ok. His record in Il will come out. He can’t victimize IL taxpayers and not have it come out. But I would be thrilled if he didn’t run. But finding a competent politician will be difficult in this state.
Pritzger has just the kind of track record the Dems want in his quest to turn IL into a third world oasis in the Midwest.
He’s about as close to getting in the White House as a penguin in Antarctica.