-- 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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Wonder if fat boy thinks he can part the waters of lake Michigan. I mean lake Illinois.
Corpulence Rotundus , Swami would love to get there hands on that money from Trump,
not a chance, I wish they go right down
with the ship.
Lets all wave bye, bye as the ship goes down.
It turns my stomach to hear Trust Fund communist Pritzker refer to us as “ his people.” Listen comrade, your people are welfare recipients, unneeded government workers and union leaders . From yard signs I’ve seen, a lot of IL residents despise you. Thank your lucky stars for your sheepie, beholden army of voters.
Vote Raoul out. He doesn’t care about IL. His policy is “I hate Trump” and for identity groups, not IL US citizens. He needs to follow federal laws and represent IL taxpayers.