-- 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
Hey Pritzger, let’s make a really off the charts progressive deal that will certainly leap frog you over the much more electable Newsome for soon to be relegated to the basement Joe: Make sure at least 51% of the hires for your new plant are illegals that have come from other states to get taxpayer funded abortions and trans surgery! Huh? Huh? Whattaya say? I expect a high ranking position in your cabinet when you’re elected. This stuff ain’t free.
Great to have Tesla’s competition right here in IL. Like other states wouldn’t offer incentives.
Back in the USSR, i.e. IL. Boss Pritzker knows better than you, so knuckle under.
Alright Illinois taxpayers, get ready to underwrite some more inefficient and overpriced pieces of garbage, all in the name of climate change! JB won’t miss this opportunity to blow more money provided by you, and he’ll call a big press conference to celebrate it. Mayor Pete and little Greta will look on with tears of joy in their eyes. Without JB to provide the money, Rivian would be on it’s deathbed. They can’t afford the new Atlanta plant.
My EV is wonderful so I just don’t get your point. It provides me with endless hours of action filled driving. My slot cars are just fun, fun, fun!
replaced the battery yet…..you must be lucky that it hasn’t exploded yet