-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Pretty soon Pritzker and Lightfoot will have a good portion of Illinois to themselves.
Too much corruption. People will leave–mass exodus.
I will not live in a socialist/ communist state.
Everyone’s read your stupid plan Pritzker. The Chicago Tribune wasn’t asking for things to go back to normal, they were asking you to quit shifting the goal posts to “eradication” and instead balance mitigation with important socio-economic concerns. This governor is incredibly myopic and thick.
Is it any surprise that a clueless Democrat billionaire, one of the richest people in the entire world, has no understanding business, finances or governance? He seems to be unable to balance the right of residents to earn a living vs. public health?
We are here because of one reason: a$$hats that always vote blue no matter who.
The CNN video predates the article by at least a week. One doesn’t realize that until actually watching the video and reading the article. Four seconds into the video when the following caption appears. “Trump says he will encourage some states to open before May 1st, despite current CDC guidelines.” CNN didn’t note the original date and time of the article, just that it was updated May 10th at 10:55 AM ET. There is a link to a May 8th article. Since an elementary student can properly date videos and articles, one wonders if the lack of proper dates is… Read more »
CNN is fake news. Few people watch it. In fact, CNN probably gets more viewers/readers from the conservative media who ridicule them.
This is from today: https://chicago.suntimes.com/2020/5/10/21253666/pritzker-ramp-up-covid-19-testing-illinois-reopen-economy