-- 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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I’ll take the under on whether JB can climb the big stairs on Air Force 1.
Not without multiple stops to rest. He would gladly use some of daddy’s money to install a retractable escalator though.
There has been nothing quiet about the Pritzker For President 2024 campaign. Its been JB’s plan for spending his daddys money ever since he went begging and bribing Blagojevich for Obama’s vacated senate seat back in 2008.