-- 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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JB needs to become WOKE to the reality, not only did Trump win but a significant amount of Illinois is moving to the republican camp. JB needs to accept democrats been destroying our state for 50+ years and he’s made hard left turn and he’s missing the road of the future.
JB is itching to become the next indicted governor of Illinois. He’s so arrogant, he thinks because he’s a billionaire, he’s untouchable. Well, he can present that defense as he’s judged for harboring illegal fugitives…by jury of his peers in West Texas. He might find himself locked up without bail pending trial. That would send a message to other blue state governors and mayors to cooperate or go to jail.