-- 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 could have run on a separate Progressive ticket so as to not lump himself in with Madigan, similar to how Sam McCann created the “Conservative” party and ran separate from Rauner and the Republicans. JB was already self-funded and friendly to all the causes Democrats support. He still could have funded the same candidates and bypassed the Madigan apparatus altogether.
JB chose to run as a Democrat knowing Madigan controlled the state’s Democratic Party. The moment he made that choice, he chose Madigan.
Sam McCann was a stooge candidate entirely paid for by the Democrat party to draw votes away from Rauner. It partially worked because he diverted a few extra points away from Rauner. McCann didn’t expect to win. So he looted his campaign for personal use. He’s currently under federal indictment for misusing his campaign funds.
JB couldn’t go the progressive party route because they are rabid anti-s**mites, they hate joos, and they’re crazy. So he tried to adopt their progressive causes under the establishment guise of moving the party even further left.
Wait till Crooked Madigan rolls over on Governor Toilets.