-- 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
Look how Pritzkers double chin hangs over his tie knot. I try not to refer to his physique, but I just couldn’t resist.
In my opinion, Pritzker you are a worthless turd.
Pritzker may be right about the practical effect of the terrorist supporting resolution put out by Chicago. But the resolution identifies clearly how extreme the Democrats are with their Leftism.
Hmm.. Pritzger now caught up in the conundrum of pleasing his fellow Marxists while try to save face with fellow people of Jewish persuasion. If he thinks that riding the tiger is rough, wait until he falls off and is devoured.