-- 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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Better get Peotone International Airport built quick
I must say, if this crisis has done anything positive, it’s pulling back the curtain as it were on JB’s idiotic policies and pet projects.
When the Daily Mail on the other side of the pond is reporting on your unwillingness to address why your own wife skipped the state, then Mr Pritzker, with all respect due you st this point: You really suck at governing.