-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
JB is a loser! Worst Gov in Ilinois history!
There may be another side to signing all these bills. Maybe it’s the same as taking a little blue pill when signing a bill or passing a bill and that’s their high or dopamine release. Everything else in their lives is lacking. Notice the little smile after the bill is signed. Next is having a smoke and saying AGHH! Absolutely no thought about the consequences on what he signed or costs involved to taxpayers. Blue pill-sign-smoke-aghh over and over.
Nice analysis Freddy.
I was able to find two bills out of the 43 that I’m ok with and one is a “may” not “will”, the other 41 were total crap.
Description: Provides that of the two years of social studies courses required to receive a high school diploma, one semester, or part of one semester, “may” include a financial literacy course. *questionable whether the teacher would be qualified to teach this course
Description: Requires universities and community colleges to include contact information for certain suicide prevention and mental health resources on student ID cards.
All Pritzker is doing is signing bills at will, all he is doing is catering to Illinois union’s and illegals such a fool he is.
There is an open conspiracy in the legislature to pass each other’s progressive bills with each legislator trying to out do the next with how progressive they can become. That’s how you end up with legislation where pimps can force 12 year old sex trafficed children to abort their unborn without parental consent or notification, and it’s a human rights violation to refuse a job to a prospective employee if they lack work authorization, and even one legislator’s attempt to remove ‘at-will’ aspect of an employer-employee relationship (which means private employers can’t fire employees unless the state says they can)…… Read more »
Truth!: “But they don’t care if you leave, they want you to leave, and they hope you do leave, because if this were any other communist country in the world, they’d have you executed or put in a camp, just as communists have done in every other place where communism was forced upon an unwelcoming population. They know their changes are unpopular with most, and unwelcome and deeply disturbing to many, and the only way to force your compliance is to kill you, or force you to leave, and they’re doing their very best.”