-- 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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Suck us dry again
I recently took a drive through southern Illinois and noted dying towns that were once supported by coal mines. How interesting the support that the Democrats have in that area when one considers how they, the Democrats, have sold out these Southern Illinois towns on their quest that is deliberately aimed at destroying these cities and villages.
Illinois voters never stop amazing me.
Coal by 2035, 14 years from now, natural gas 2045, 24 years from now so what in the hell are the people who all across Illinois use natural gas for heating going to do tell me Pritzker what are we going to do go back to heating with coal. This man is so delusional along with Springfield politicians it makes me sick. Who in the hell is going to pay for all the new heating systems in peoples houses, who. It’s getting closer and closer to leaving Illinois and moving on. These state legislators scare me and worry me as… Read more »
They won’t be happy until we’re back to living in caves.
no, just you. they already think of you as a troglodyte anyway.
People who use gas are supposed to move to florida.