-- 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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They ain’t seen nothing yet. Wait till the federal FY 2026 budget comes out.
Raja lies. Don’t listen to Raja.
Whatever the reality of Trump’s freeze, these same indignant democrats allowed the Illinois Invest In Kids fund to lapse, removing from their families the funds given them to attend Catholic and other private schools to avoid the poor public schools in their neighborhood. This same lack of funding caused several Catholic schools to close, forcing those kids back into the bad local public school. And for the kids that could afford those private schools that closed, they were forced back into the bad local public school or had to find a private school they could afford further from home. So… Read more »
That would be great if they weed out the ILLEGALS from federal funds.
The only think ILLEGALS should get is a ride to the border.
BS it wasn’t froze long enough AND WHEN has Illinois (or any state) EVER done anything in a timely manner. Things like that NEVER are an immediate action!!!!!
Again Pritzker and Raoul are fear mongers and that seems to be what they are only good at because everyone knows Illinois is flat broke and corrupt beyond corrupt and if anyone thinks otherwise your just as bad as these two?????? fill in the blanks if you wish.