-- 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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Watch this lawsuit get bounced like a ball by Pritzgers hand picked, rubber stamp IL Supreme Court.
What democrat judge in cook county will overturn this law? The entire system is corrupt, one-party rule, third world stuff. And every dem can’t wait to be a part of it.
And the worse thing about it that this new law expires after the election in Jan 2025 if I’m correct, Pritzker and his goon squad