-- 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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He paid about $73 per vote (4.7M votes, 2.5 in 2018, 2.2 in 2022) / $350,000,000.
Which makes sense, he’s got to pay ballot harvestors big $$ to walk the beats, collect the ballots; and it’s not cheap to pay off corporate media, they want $10’s of millions to buy their silence and never, ever say anything bad about JB.
But this is democracy!
It’s my understanding JBs campaign funding is from, offshore, Pritzker Family Trust and not from JBs personal wealth? Nobody in press bothers to point out