-- Connecting the dots between our economy, government and business --
In October, Gov. JB Pritzker shot down the idea of a supplemental appropriation to the crisis and said he has been diverting money from state programs to cover extra costs. But after 25 more buses arrived over Thanksgiving weekend, Pritzker announced that lawmakers may vote on increased funding when they return.
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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The arrogance is astounding and seems to have no limit. It is malevolence.
Pension crisis? Move that to the back of the line. Infrastructure issue? Move that to the back of the line. Crime problem? Move that to the back of the line. Failing schools? Move that to the back of the line. Illegal aliens? Open the checkbook!!!
More of my hard earned money taken from me and wasted on nothing. This is BS. These people take tax payer money like it is…nothing. Then spending like it is…nothing. It is pathetic that we live in a state that has so little regard for the actual people who pay taxes and make the money they so casually take and spend. I guess…why should they care…it isn’t like they are spending their own money.
Go to work during the week so Caracasites can plunder your crib when your clocked in. Obama calls it fundamental transformation.
I see he is wearing his mask?
Where’s the money coming from JB? How many more deluxe tent cities will Chicago have to build? The once great city is approaching third world status. Pritzker should have kept his piehole shut when bragging about being a sanctuary state. Meanwhile Venezuelans continue to get arrested multiple times a week for robbery in the suburbs. What a great job our Governor is doing.