-- 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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Pritzker doesn’t have the ball-
Pritzker knows a thing or two about dog and pony shows, a specialty of his actually. He should go and plead his case and see how well received it is there and across country. If they need to “go though him to get to his people”, state the case. Lay it out.
Let’s see. Pritzker is contemplating running for president, but doesn’t even have the balls to go and speak before Congress. That tells you exactly what kind of president that dude will make.
Pritzger doesn’t want to chance being torn limb from limb on national television and watching his presidential aspirations swirl down the drain.
Let’s call the entire Pritzker regime what it is: a partisan dog and pony show where the taxpayers ALWAYS lose.