-- 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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Governor Pritzker wants Illinois to be a destination of choice for business. Does he start be getting Illinois’ finances in order, saying ‘No’ to AFSCME’s endless cries of “Gimme!”, or clamping down on prosecutors’ and judges’ revolving door criminal justice practices? Nope. JB thinks that business are reluctant to move to Illinois because of the state’s insufficient fealty to the Clergy of Climate Change. No, gas and home heating prices aren’t high enough for him. Apparently, JB thinks we all have offshore trust funds and homes all over the nation like he does. The Glasgow Summit is the latest in… Read more »
Can someone please quantify the size of Pritzkers ‘carbon footprint’ to participate in this useless bloviation?
These green programs are ideological boondoggles.
The number 1 reason for the heating of the planet is caused by all the HOT air the politicians spew from their pie holes. You can put the politicians in the South Pole and when they speak the ice will turn to steam in seconds.