-- 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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Well JB, you could put them up in one of your Hyatts!
Pritzker Asks Biden To Fund Chicago Sanctuary City Shit-Show
I do not feel it is my place as an American to concern myself with the financial needs of the Chicago immigrants. I am too busy trying to feed my family whom I do have an interest in their financial needs.
Pritzer has billions – perhaps HE should pony up some funds. After all, it’s a Democrat-manufactured crisis.