-- 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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I love it when all the people who voted how their unions told them to vote ,get kicked right in the teeth by the guy they voted for. Karma is a beech
Hmm.. a little late to the party, teech. Lots of people figured Pritzger out when he jerked the toilets out of his mansion. How many of your fellow union members have voted for him since then?
If I am to take take your umbrage seriously please tell me you are equally outraged with President Trump as the first American elected to that office in spite of numerous bankruptcies stiffing his workers and lenders as well as multiple felony convictions. I can’t believe you’d disparage Prizker and be a Trump supporter, too. Don’t be schizophrenic here, please. Look in the mirror, and tell me you are not two-faced.
Gosh, we are waiting for the uber virtuous lefties to call out their own side. Odd that the purveyors of virtue expect those of us who are clearly inferior to take the first step to righteousness. Seems a little hypocritical.
gaslighting from the resident hall monitor
Not necessarily for all the reasons you note, but i am equally outraged. You do know the phrase: two wrongs don’t make a right? Both Trump and Pritzker can be wrong. I am not a Trump supporter or voter, but what Pritzker continues to do in using my tax dollars for people that are NOT citizens of the US, let alone IL, is unconscionable. Like Trump, as I am sure Pritzker does, uses every availably legal tool to minimize his tax burden. And as an FYI, bankruptcies are a legal business strategy. Offshore accounts are also a legal, albeit dubious,… Read more »
Pritzker sure likes to spend money that isn’t his. Even worse the State doesn’t have the money either.
Pritzker Priorities’ Future. Get with the program!
Financial aid should be or IL US citizens, not illegals. They are not entitled to any benefits, since they are not citizens. But we all know Pritzker puts illegals over citizens and criminals.
Illegal immigrants are entitled to taxpayer-funded benefits according to the mismanagers running Illinois. Wouldn’t it be cool if we had managers running Illinois?