-- 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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What these filthy politicians are doing?
Hey, Illinois is known for this, those who are old enough to remember, I think it was Thompson who gave great deal, no taxes, millions in incentives to Motorola to build massive buildings in Harvard Ill. What 2 years later Motorola cellphone plant went belly up. Did Illinois ask for money back or demand the property be restored back to valuable farm land, NOPE!!! Current owner, not Motorola being sued by the Canadian government, US government, and the State of Illinois, any money at all recovered, again NOPE 😤
Naturally the pension funding demands are ignored because of spending like this. Wouldn’t it be nice if just once the headlines would read something like “Pritzker Gives Needed Pension Funds to the Chinese.”
Irrespective of the merits of the Gotion ‘Deal’, the unilateral distribution of taxpayer funds by the Gov Pritzker without any performance on Gotions part seems really weird. Has this deal agreement been made public? Is this legal?
Pritzker needed a win and was happy to spend taxpayer money to get it. End of story.
Down payment on CCP support for the Prtizker for President 2024 campaign. For Pritzker’s down payment with other people’s money the CCP will hack, spam, bribe and twist the media to ensure his election. Then, just like Joe Biden before him, the CCP will own a President. Say ‘cheese’ to the CCP ‘weather balloon’ cameras.
Tommy, it worked for Hunter & Joe and it’ll work for Pigster.
I think I will check out Ancestry or 23 & Me to see if I have some Chinese blood and get a piece of the action.
Skin color notwithstanding, I identify as Chinese so Jumbo Belly owes me a check.
You just have to be a communist to get a check.