-- 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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Johnson Takes Sides In UAW Strike — Making It Even Less Likely That Big 3 — Or Any Car Company — Will Ever Invest In Chicago
Well, that’s certainly going to help Pritzker persuade Big Auto to open factories in Illinois.
Fortunately, JB’s the Chinese Communist Party’s faithful tout-n-lickspittle – so who needs GM-n-Ford?
Big 3 will dump Chicago/Illinois as soon as they can to get away from business hostile democrats, insane employer mandates, sky high taxes
is it usury to have CTU/Brandon & Stacy with their taxpayer guaranteed not to be diminished multi-million pension deals & +$200g salaries making statements to UAW unionist who have no taxpayer guarantees like?—“This is about unraveling a system of disparities. This is about unraveling a system that wants to pit workers against workers.”
Since when did the deals that CTU has gotten have anything to do with “unraveling a system that wants to pit workers against workers”?? When the reality is CTUs $deals$ are all about “pay-to-play” politics at the doopie taxpayers expense.
Those State of IL and City of Chicago workers and retirees who claim to be something called “Democratic Socialists” will deny having that moniker quickly if they’re approached about sharing their wealth to level the playing field.