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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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Yeah all the non essential state workers must be filing for unemployment. That’s gotta be backing up the system.
Read the news Rick. They’re ALL being paid. Since there’s no such thing as a “non-essential” guvm’nt public employee union for Governor Tax Cheat and the Democrats, there is no such a thing as a “non essential” state employee.
Waiting on the state of Illinois’ byzantine boat-anchor on-line capability to lurch into gear and provide a pittance of a monthly unemployment check is a remedy reserved for the private-sector working stiff. Beyond belief, many of whom keep voting the same clowns into office election after election.
“We’ve never seen this kind of application deluge that’s happening to the state. So we’re working every day to make sure that we’re being responsive,” Pritzker said. “We’ve asked people to stagger their application processes, their calls, as well as their online applications, because frankly the systems weren’t built, nor was the staffing built to withstand this kind of onslaught.” Uh, I’m a little slow physically, because of my size, and mentally too, and I, uh, didn’t realize that SHUTTING DOWN THE ENTIRE STATE, uh, would cause, like, uh, hundreds of thousands of people living paycheck to paycheck to be… Read more »
I see Jabba is prepared as always
This is good practice for when the blank check amendment triggers mass unemployment. Remember Illinoisans, stagger your meals and need for shelter because Jabba can’t handle a little extra work
We’re is shits and giggles Stratton, she has not been present for any of Pritzkers news conferences. She could help out Pritzker a little, I think, hey moe, Larry, curly, yuk yuk yuk