-- 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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So the fat pig is on Forbes list of richest Illinoisans and makes $3.2 million a year from a $3.7 billion net worth. First I can totally see how toilets can relate to the common man. Doesn’t everyone make $3.2 million a year. Second, Democrats think the wealthy are evil. You know, “eat the rich.”? If so, doesn’t that make this POS evil? Third, do any of you wonder why a guy who makes that kind of money but then runs a toilet scheme to save $100,000 in real estate taxes, wants a graduated tax on the “rich”. Is it… Read more »
Better lucky than smart on full display.
I thought I just read on Wirepoints that Forbes said Pritzker is worth $3.7B. That means he realized less than 1% on his holdings. I’d say he is a pretty poor investor but given the way he blew the billions in free Fed Covid bucks that Illinois received, we already knew that.
And if anyone has some loose change in their sofas here a property for sale by Tony Pritzker.
https://www.yahoo.com/news/billionaire-heir-built-one-americas-095201350.html