-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
And Pritzker wants to be president?
Doesn’t have the brains to pay the state’s bills, yet he feels qualified to not only be re-elected, but to run for the presidency.
What is he thinking? Is he thinking?
Thanks to WSJ his poor decision making and the disaster known as Illinois are known nationwide.
Billionaires simply don’t have the bandwidth to understand what citizens deal with –
VOTE THE BUM OUT!