Jim Dey: "Chicago’s mayor is in way over his head when it comes to finance. He’s so wedded to his extreme ideology and blinded by his loyalty to the Chicago Teachers Union that he doesn’t know any better. Pritzker, however, does have credibility when it comes to public finance. Governor Moneybags, a billionaire with vast experience examining assets and liabilities, shouldn’t have had to hear from the mayor to know the pension bill is poison."
Pensions are a form of economic Cancer and will kill Chicago and Illinois. Most all of the increases will go to cover increased pension cost. $100,000 a year pensions growing like wildfire at very young ages. They will last 35 plus years with 3% annual increases. Will cost the taxpayers between $7,000,000 to $8,000,000 in total to the taxpayers. PPF is beaming with Joy. Largest generational theft in history.
Fed Up Taxpayer
8 months ago
I am not so sure Pritzker has the “vast experience” in finance. Chances are his family cuts him a check to stay out of their business.
If he had any financial knowledge, he wouldn’t let the state get into the condition it is in, and he certainly wouldn’t have ballooned spending over 40% since he has been in office.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Bankruptcy is the only solution for Chicago,
Pensions are a form of economic Cancer and will kill Chicago and Illinois. Most all of the increases will go to cover increased pension cost. $100,000 a year pensions growing like wildfire at very young ages. They will last 35 plus years with 3% annual increases. Will cost the taxpayers between $7,000,000 to $8,000,000 in total to the taxpayers. PPF is beaming with Joy. Largest generational theft in history.
I am not so sure Pritzker has the “vast experience” in finance. Chances are his family cuts him a check to stay out of their business.
If he had any financial knowledge, he wouldn’t let the state get into the condition it is in, and he certainly wouldn’t have ballooned spending over 40% since he has been in office.