-- 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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Should read Illinois federal fiscal reputation, what a moron Pritzker is, but it’s a election year pull out all the stops to make himself look good. Please people of Illinois see thru this malfeasance and political corruption in this state, start voting for the person not the persons party affiliations.
It’s a blip you idiot! He’ll milk the Covid bailout as long as he can, but King Pritzker is still steering the Titanic Illinois toward an iceberg.