-- 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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Can see it now Pritzker writing checks to interfere with the 2026 election like he did before.
Mendrick sounds like a better choice than Pritzker (a low bar). “We have two, I’d say, major problems in this state, and it’s going to be the sanctuary city status, and it’s going to be the SAFE-T Act. ”
https://capitolfax.com/2025/02/27/dupage-county-sheriff-says-hes-running-for-governor/
The comment cut and pasted below, copied from the Capitol Fax link above, perfectly encapsulates the idiocy, arrogance and intransigent stupidity of the typical Illinois Democrat. Commenter Steve Polite is responding to another commenter, Sue, who said: “Illinois gained population solely due to the newcomers-so you think losing taxpaying citizens is ok so long as we gain couple of hundred thousand migrants- we were third in terms of outward migration to other states.” Steve’s response, for lack of a better word, is re*ar*ed: – Steve Polite – Thursday, Feb 27, 25 @ 3:04 pm: Sue, First, what’s your source for… Read more »