-- Connecting the dots between our economy, government and business --
"With this dynamic, not to mention speculation that he could be eyeing a 2024 presidential run should President Joe Biden step aside, all eyes are on the course Pritzker seeks to chart as he sets course in this second term."
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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How gullible are reporters and voters?? How can you report with a straight face surpluses of 4 billion this year, but also report projected deficits in the hundreds of millions a couple of years later? Is there no sense at all that maybe the 4 billion surplus is a crock of BS? Do you need to be a financial expert to see that something is very wrong here, and maybe JB isn’t the savior he claims?
This state is so disappointing. Many normies I talked to thought he was doing a good job, having only heard praise of him on the teevee, and not aware that every state around us opened earlier during coronavirus and had better outcomes and lower crime.
My in-laws and many friends feel fatman is doing well because they barely pay attention. They grew up with WGN and just trust whatever the talking heads say.. As Chicagoans, Robin and Micah are like old friends. The kicker is the same people complain all the time about taxes, crime and corruption. They vacation and when they come home they speak of the boom town they just visited but remain unable to connect the dots..
Because there’s no criticism of JB in the mainstream media whatsoever. They’re all progressives so they agree with him, and the media overlords can’t criticize him for fear of losing out on the hundreds of millions of dollars of advertising money he spends to promote his reelections, his IL Covid-19 clot shot ads, and his other political pushes (now it’s passing the gun grab bill). If the media media even spent 20% of their time pointing out that 45% of the state opposes his policies, instead of fawning over his progressive platitudes, maybe a handful of those would think a… Read more »
bury the gelt, bury the guns, hide the wife and children….