-- 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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Scandals, Scandals, and more Scandals. But unlike criminal scandals of our previous governors, JB’s is just pure incompetence.
When will the people of Illinois realize that Pritzker is nothing but a liar, this man will (is) trying to make himself look like a great politician. It’s has been said many times on wirepoints that 2024 or 28 is his big goal the White House. Only problem is baby Huey has burned a few bridges in Washington, and if he were to get elected, holy shit were done for.