-- 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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Remember what you say everyday we’re all in this together, so mr Pritzker let everyone come and play in your sandbox and listen to what people in Illinois have to say to you. Ya know
As I said, they are doing everything to play this up, and the numbers were never going to show any of it was worthwhile, a complete charade. The endgame is to claim this “horrible virus” was the problem and we’re broke because of this tragedy. It’s all a ruse to try to get a Fed bailout.
Governor Pritzker has done absolutely nothing correct since he has taken office. Raised taxes beyond people’s means to pay. A good leader never points the finger at another political leader, or denounces that individual on national news. Take it to the back room and hash it out like men. Pritzker all I can say and imagine you will not even come close to handling Illinois problems created by the coronavirus. Except the fact you have no clue on what to do and please resign from office. Don’t make matters worse.
Jelly Belly is out of control. He’s a tyrant. he should resign now for even suggesting such unconstitutional measures.