-- 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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Pritzker is no shing star either. Take a look at the job cuts in Illinois at John Deere.
Not only John Deere but the entire state as a whole.
It seems pretty clear United is gone as they have loads of property in Denver so the announcement will likely come after Pritzker is reelected in 2026. We all know he is unemployable elsewhere. JB responded with his normal bravado and instantly became responsible for keeping United and its good paying jobs in Chicago. He should have known it would be subject to FOIA. Mendoza must be gearing up to challenge him at some point.
The pot calling the pot, er, black. I guess we’re supposed to forget big boy’s Draconian covid edicts, carried out much longer than necessary, his ruthless program of taxing everything that moved and taxing those taxes and his open courting of illegals, trans people and those needing taxpayer funded abortions. Pritzger should quit before the tapes of him and Blago discussing the “ right kind of black person “ to fill Obama’s spot surface again.
JB needs to look in the mirror.
Hopefully it’s a panoramic one.
There are plenty of reasons businesses have and will leave Illinois and while Johnson’s policies may be some of them they are not the only ones.
Yes, JB seems to forget that O’Hare is in Illinois…
“Then the governor remarked: “…make sure the Mayor doesn’t do anything to push them out.””
It’s nice to see Pritzker’s concerned about keeping at least one employer.