-- 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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Illinois is clearly hostile to Trump as evidenced by Governor Happy Warrior’s rant. That’s just plain stupid, and Pritzker should understand that the tail doesn’t wag the dog.
This is the allegedly moderate Chicago Tribune’s editorial board posted: “…we, like many others, stated many times that his personal behavior and convictions meant that he was no longer qualified to be president.” Spoken like the true DNC partisans they really are and bias they simply can’t let go of in favor of objectivity. “We offer our congratulations and remind him that he is to be president of all Americans, including millions in the “failing state of Illinois” who offered him their support. So there’s no call for us to be a punchline or on some permanent naughty list.” More… Read more »