-- 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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P U G S L E Y had to go downstate — to try and hide his dirty deal with the Chinese Communist Party — from prying media — #nowheretohide
Where is Pritzker’s effort to reopen the Belvidere-Stellantis plant? How much time was spent on Gotion vs Stellantis? The Belvidere plant is what people want so why no effort to reopen with a hybrid vehicle? There is some talk about making it a distribution hub for Mopar but only talk now.