-- 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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Any time one of JB’s double-dippers makes public comments they should be asked if they’re speaking on behalf of the governor’s office or the governor’s LLC.
Pritzker is a crappy governor with a crappy staff.
Andy Manar represented a conservative district in South Central Illinois, but sold out his constituents by being a sycophant of the liberal Illinois Democratic establishment.
Manar was rewarded for his loyalty to the Illinois Democratic establishment with a cushy job in Pritzker’s administration.
Something about that stinks to high heaven.
Rich kid buys loyalty from his staff.
Reeks of money – stupid chickens.