-- 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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Pritzker continues to parrot the talking points of the greenies, despite what is happening in northern Illinois this week. The man is brain dead and worthless! People are tired of this BS, and with too many EVs taking up space on new car lots, change is coming. It’s not the change JB is hoping for either. New car manufacturers are stepping back from EVs. Cry me a river Jabba. And soon you’ll be crying for Rivian.