-- 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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So 113,000 people left IL just from 2020 to 2021. Who knows how many more from 2021 through Nov. 2022. I would bet that 90% that left were Republicans who saw no hope of change in IL. Prediction: JB by over 55% thanks to Cook County.
Pritzker is confident of an election steal.
JB – let me make something clear: WE HATE YOU. We want to kick you out of office and then you can move to your estate in FL and join our previous governor.
When he wins will you admit that voters love him? Or is it that they hated Bailey more? Will they call the race just after 7 or will it take an hour or two? Either way, JB is your governor for the next 4 years.
You think the rotund one has 4 more years? His doctors won’t promise him that long.
With a 50 BMI and five clot shots, he’s a cardiac arrest waiting to happen.