-- 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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Speaking of disfunction wouldn’t you think Pritzker would pose in a way to hide his double chin hanging over his tie knot?
I gotta admit, every pic of him is utterly revolting, but *that* pic accompanying the article is especially vomit – inducing… st first I thought it was “AI – generated, lol…
A write up of the Daily Caller article is the top story on the Daily Mail right now. Probably getting millions upon millions of views. Spelunking for misery! Every right-winger is against us and spreading lies!
Without a doubt….title says it all!! Good job jp and brandon………not
Wow, a realistic and depressing overview, which virtually all local media except Wirepoints, a few radio stations and realistic sites (generally conservative) refuse to cover. I shudder to think what this state looks like in the next economic downturn. Also, it is obvious one should never pay for mainstream media in Illinois (unless you are 90 years old, need mindless distraction, and find the national enquirer too infrequent.).
Agree 100% just don’t know when to stop digging, lets just give a BILLION to a failing company that lost 1.5 Billion last year and on schedule to lose another 1.5+ Billion in the first quarter and then millions to a Chinese company that will create the largest pollution hellhole in the state.
Least I forget lets eliminate the second tier retirement program that actually makes a start working work until 67 (LIKE THE REST OF THE STATE)
Truth in Crook County, isn’t that an Oxymoron 😉