-- 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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Everyone in the Chicago media are acting like this is the greatest thing to happen in a century, especially channel 7 my god grow up I never let my freedom be hampered by this phony covid crap.
“Two weeks to flatten the curve”
It’s not right vs left or Dem vs Rep. if you don’t see what’s happening as Good vs Evil, you don’t really see what’s going on.
Thanks Pritzker, but all the taxpayers know you don’t care about us. It is time to remove your self ordained hyper-executive authority. Why hasn’t the legislature addressed this yet? Voters will remember in 2022!
Is he really in Illinois ?–the open state of Florida seems to be his home state.