-- 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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It sounds almost impossible. Who’d remember strangers at parties, on CTA, shopping at Walmart, etc. ?
Sure, it might work for family, neighbors, friends and co-workers, if the infected person is honest. ?
Look, more sheep to be beholden to the LIB-goofs down state… And we wonder why we are bankrupt…
Jabba should spend more time tracking his wife
4000 more state employee’e should make his union friends happy! Let’s not forget the pensions they will all need. Better add a few more zero’s to that 80 million.
Yes, the union thugs should insist that after tracking is no longer necessary that Jabba find some type of work for them on the state payroll for life. With a 3% retirement COLA. It all must be in an ironclad contract.
this guy is so good at spending other people’s money
No wonder he has more than enough money–he gets it from others and keeps for himself.
Illinois- the Fourth Reich
“No state layoffs or skipped pension payments: As Pritzker faces a projected $10 billion budget hole over the next two years, on Friday he publicly rejected two possible ways to cut spending: He won’t skip what the state owes in pension payments, and he won’t lay off state employees. ”
As we all once said as kids in the school yard, he’s a Big Fat Lair.
And I believe his trousers may also be combusting…
Rahm said never let a crisis go to waste. Hillary recently jumped on that band wagon in an interview that she had (she was trying to stay relevant). Let’s make the crisis even more and spend money that the state doesn’t have. TAX TAX TAX.
“This unilateral action by our governor and other governors across the country is causing irreparable harm,” Tony Peraica should have just come right out and said that Democratic Party governors led by Pritzker, are intentionally sabotaging the U.S. economy for, not only their own economic and political gain but for that of their party’s financial benefactors as well. That certain Republicans are involved in this little coup should come as a surprise to no one, they are known and have been known for years as RINO’s. Don’t think that this is really going on? Then ask yourself this: What else… Read more »
Oil & Gas Executive here. Second post. Lives in Palos Heights. Bill you are absolutely correct. Very good post. Whatever games JB Pritzker plays, he can run for now but he can never hide. When this is all done and dusted, which it will be, a full postmortem will be undertaken that will reveal all the agendas. Ultimately I believe the Governor and the politicians doing this will be on the wrong side of history. I also believe in democracy. Being an British ex-pat I have seen behaviors like this play out in the UK with BREXIT, which the Deep… Read more »
“made for newscasts protests”
Isn’t that pretty much every liberal protest? Funny how only now it bothers them.
One day last year, the state capitol was overtaken by thousands upon thousands of pro-life protestors angry with Rep. Baby Killer’s infanticide bill, marching through the rotunda. This massive protest was not mentioned anywhere on my local news broadcast and the trib had an article up for, all practical purposes, a few minutes, talking about it, before quickly being taken down. Don’t ever forget that the state rep from Skokie, a progressive Rabbi, who voted ‘present’ for this infanticide bill, instead of ‘yea’, was primaried by a left wing loonbag in March, and lost his seat. It’s not just the… Read more »
Being an Orthodox Rabbi, Yehiel “Mark” Kalish should have politely declined/not applied for the state representative position.
☹️
Committeeperson Lou Lang is the Skokie boss. ☹️
Reverend James Meeks, as State Senator (1993-2003), was in a similar situation sorta voting against LGBT. ?
Finally, a logical suggestion. The best way to address the state budget deficit is for the state to hire lots more people. LOL. Thanks again Illinois for giving the nation another laugh. Keep them coming.
We left to a southern state,Peace of mind when I pay my small property tax bill which is small to what I had to pay in illinois.Life is so much better in a real state,instead of being ripped off in the state of Illinois.