-- 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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So Pritzker is over in the UK saying he is trying to attract jobs what does he have to offer? A highly criminalized labor pool for these potential employers. Good luck with that.
There’s plenty of convicted felons working at car dealerships implementing unethical business practices. Also plenty of former gang members working for the crooked towing companies. Then there’s the former gang members working as “peacekeepers.”
Chicago is the most gang-infested city in the U.S. because of soft-on-crime, crooked politicians.
Great! This means that a convicted fraudster can now get hired in finance.
And loot another company.
Rita Crundwell, here’s the key to the cash register.
JB the Hutt: second worst governor in America, always vying for the top spot.
Illinois Democrats Saddle Struggling Businesses With More Job Killing Employer Mandates