-- 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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In the end, Johnson will go off and lick his wounds while enjoying his obscene CTU pension, Durbin won’t leave office unless in a pine box ( like Ducksworth) and JB will continue to be the same old huckster living off of his family’s fortune.
Illinois political leaders will learn nothing because, despite Illinois’s 8 point shift to the right, they lost not once seat, and Democrats gained seats in local elections. Democrats will become a more emboldened #Resistance. That’s what Pritzker just said in his statement. The billionaire who bought the election is the #Resistance. LOL
Realizing the parties over, will machine try and ram thru TIER II pension fix on dopey tax payers while the states credit rating still boosted up with COVID $bucks$ ??
I’ll bet Braindead Johnson had one of his famous panic attacks this morning and Toilets Prickster is desperately searching his many homes for commodes to remove. Let’s see if either runs for re-election when their terms are up. Not much in their futures except causing their idiot constituents untold financial pain.
You ran out of the feel good drugs. The party is over. Time for the severe hangover. Stupidity is usually painful in ways the idiot cannot foresee. Enjoy. I know I will.