-- 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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Stay at home for everybody except Mrs Pritzger and the kids who just jetted(privately) off to Bubblehead’s $13 million equestrian ranch in Florida. Ok peons, bow to mighty king Bubblehead.
Jabba is crazy. He is dangerously mentally unbalanced. He needs to be impeached and arrested for contempt of court. The tinpot dictator has lost touch with reality and is starting to believe his own propaganda
Obviously someone thinks he is KING and that the people of Illinois who pay his salary (because unlike Trump –Pritzker takes his salary) are peons.
Pot calling the kettle black?