-- 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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That Crain’s would give J Bloviator another undeserved platform to spew his Marxist crap puts them in a category with other useless media like WalletHub, etc. These people are no better than surgically enhanced, brain dead influencers.
I disagree. Any major publication should post op-eds by major officeholders. The key is to assure balance with other viewpoints. Crain’s and Tribune opinion pages are much improved on that. (Though Tribune news pages are obscenely biased.)
Pritzker and his tax and far left policies are what are what is bad for Chicago and IL.
Your on your own Pritzker
It’s so embarrassing to be from IL.
What’s up with Wirepoints website with all the errors being displayed
Serious problem from software updates. Sorry. Tech people working hard on it.
Thus all the businesses that keep leaving Chicago and Illinois. The Loop is a ghost town compared to what it looked like in 2015. The Hutt and his fellow kleptocrats have decimated the city.
If JB the Hutt calls this a win, I’d hate to see what a loss looks like to the Hutt.
“Unprecedented”? Pritzker was happy to bring in the national guard to protect his fellow Democrats for their convention in Chicago. His hypocrisy knows no bounds.