-- 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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“And if you change your mind in the next 9.1 months, there’s a gov’t funded PP right next door.”
A midmorning state of confusion has erupted in my mind. The other day I saw that Pritzker wants to give funding for those that come to the State seeking abortions. Now Pritzker wants to give funding to those seeking pregnancies. The combination seems rather oxymoronic to me but has one common element; Pritzker will give funding to individuals to come to Illinois. As a comparison Pritzker offered sanctuary to illegal immigrants to Illinois and we see how that is working out. A multiple cup of coffee morning for me as I try to unconfuse my Illinois mind.
YOU ARE NOT CONFUSED……THEY ARE NUTS!!!
Pritzger encourages anything that he thinks will elevate his profile above Newsome’s. Can’t wait to see the look on their faces when they give the Dem nomination to Obama 3.0 as soon as they can stow Joe in the basement once and for all.
This level of stupid pandering isn’t real, right? This dude is the definition of a NPC.