-- 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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Don’t hold your breath waiting for Governor Blowhard to comment on his state’s disastrous unemployment performance, which has been bottom of the barrel since he declared war on business. He’s too busy talking to the extreme lefties on CNN and MSNBC. They lap up the BS he is pedaling like it’s manna from heaven. He can’t contain himself, and when those cameras come on he leaves a puddle on the floor like an excited 400 pound puppy. What a joke of a human being.
Jobs? Who needs jobs when you’re a Democrat? Work is for the rest of the Illinois slaves.
This is the perfect storm of Bidenomics and JB the Hutt’s incredible leadership. Our gangster governor is certainly at home in a Harris ‘Dumb and Dumber’ presidency.
Time to raise the minimum wage, and put more regulations on employers. Just accelerate the process of shifting jobs to neighboring states. But, who will fund the pension, healthcare, and migrant welfare black holes in Illinois?
uh oh fat man. Where’s all these jobs and business coming to Illinois. More lies and spin for the cameras. Schmuck.
You forgot “putz”