-- 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
America has got a good look at the bloviating, odious, partisan hack of a Gov Illinois has. Combine Pritzker with the shameless request by Democrats during a pandemic for a American taxpayer bailout of the state, and the curtain is fully pulled back for America to see what a sad joke Illinois is. And America wants NO part of what is Illinois.
1. He was wrong and he new it, tried to push it to the limits. 2. He listened to crappy raoul states attorney biggest mistake. Guess what they are both like two peas in a pod. USELESS
Damn good movie
I’m reminded of the scene in Bridge Over the River Kwai where Col Saito is sitting on his cot balling his head off after caving in to Col Nicholson