-- 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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Also, let’s not forget the little stunt he pulled with Work Comp. You can bet that IL. employers across the board will see increases just for our genius Gov. even attempting to do that.
The gall of Pritzker is over the top – he egged on the rioting and looting, did little to clamp down on it, and now demands that private insurers (who are in business to make a profit) be overly generous in their claims payouts!!! I mean, what fantasy island was Pritzker raised on!?!?!?
Science an Data, we all need some humor, boss the plane the plane
Why should insurers hold the bag for Jabba and Groot’s policy blunders? Also, there is no free lunch. Even if they payout some claims, guess who’s rate is going up next year? Again failed leadership in Dem states…
And how much will insurance rates rise next year, now that JB has threatened them to ‘pay up or else?”