-- 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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How much damage has been done by Hurricane Pritzker since taking office? This hurricane in Illinois has lasted over 2 1/2 years. How much money is being taken from our wallets because of all the new taxes? Tens of billions and counting. How many people’s lives and businesses were disrupted due to endless lockdowns and mandates? The damage from Hurricane Pritzker is far from over.