-- 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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Does he work with others at all? Somehow Michigan figured it out and started accepting 1099 unemployment claims on April 13. All Governor Pritzker seems to be doing is blaming the Federal Government when it seems the problem is in fact Illinois. North Carolina says they will accept 1099 claims on April 25. Stop blaming the Feds Governor, the problem is here in Illinois.
“Gov. J.B. Pritzker said Monday self-employed and gig workers in Illinois will get their first COVID-19 jobless benefits starting May 11, blaming the delay on “confusing and very stringent regulations” from the Department of Labor “that attempt to severely limit who can actually qualify.””
This guy can’t stop eating Pringles, and he can’t stop blaming the federal government for all of his own failures. It’s getting really old Jabba.