-- 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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The tourism industry will love this crackpot idea
What a joke!! Now he wants to lead HAHA.
What a dummy the Gov is.
Will the teachers be able to get back from the beaches?
Ha ha ha almost had the big one, who’s going to pay for this, teachers and administrators will cry cry like little babies that they have to work longer for less I doubt it but then again they have had a nice long vacation and still do. Pritzker you better wake up mister.
I would assume that they will get extra pay if the school year is extended.
And who is going to pay for this stunt Pritzker is trying to pull off.
You know the answer, the citizens of the USA who voted in a D President, split Senate and D controlled House. If not Stimmy money, then from the devaluation of the dollar. Thank you Wisconsin. Now pay our tolls on 94.
Eventually America will collapse like the Roman empire
The Roman republic collapsed into the quite successful Empire. We are still a Republic, in name only. Biden is not the emperor. But someone will become Emperor, likely in my lifetime.
Another move that will make him popular.