-- 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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More Neanderthal thinking from the Dictator
Metrics –really does Jag boy even know math and metrics or even “science”? Seriously?
This has all been for show. He wants Illinois to know that he is “working” on opening Illinois because he is afraid that perhaps he might be the next Cuomo or Whitmer or Newsom.
Open the state and let people live and take responsibility for their own lives. He thinks he is King.
If there was really thought to this –which is known that he and others that “run ” Illinois (into the ground) do not listen to the people of Illinois.
Pritzker has no other platform to run on in 2022