-- 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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Ask Mr. Pritzker where his kids went to school. Was it unionized? Were the schools even in Illinois?
Pritzker says that the scholarship program that cost 75 Million is a bad idea but will spend MORE than that on trying to get elected. He should write a check to the public school system instead of making millions of yard signs and TV ads we will be bombarded for the next 7 months. Same goes for Rauner!!