-- 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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Yet again, Boss Pritzker gets caught in a lie and his immediate response is to deflect and bloviate. As reported, the Pritzker family supports terrorist organizations against Israel. It’s far more import for a Democrat to be loyal to the Democrat ideology than face down terrorists who wish to destroy Israel, even when said Democrats are of Jewish ancestry. No different than the Democrat pols who claim to be faithful Catholics but fully support late-term abortion and infanticide, like Joe Biden is.