-- 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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Easy. Pritzkers plans for the next two years is to continue building up his Progressive resume for his presidential campaign. You name the progressive pipe dream and he will have it enacted in Illinois: Strangle a baby at the moment of birth with the umbilical cord and call it “Choice”? Check. Pass the most restrictive weapons laws in the US? Check. Continue to cower in Wuhan virus fear? Check. Illinois is simply cannon fodder for JB in the White house.
He’s hoping to win the primary veering as far left as possible in the primaries. Every other contender is also veering very far to the left too. The 2024 D primary will be clown car worse than the clown car that was 2020.