-- 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 shows you how far off the Democratic Party is. Really, Pritzker, did they think that one through? One of the most poorly ran states and they want to elect that state’s governor as president? It’s comical.
Funny headline! “Floated” 😂
Two words to fear………reallly fear……..President Pritzger
Then the whole country can look like ILL and CALIF.
AKA president WIDE-LOAD.
He’ll need a double wide Air Force One.