-- Connecting the dots between our economy, government and business --
Gov. J.B. Pritzker, at his Sunday briefing, said the state of Illinois has to build a new web platform to process the gig and self-employed workers’ claims. The CARES Act should have created a unified system, he said, to “allow each of the states to immediately stand up an unemployment benefit process” for independent contractors.
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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