-- 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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Pritzker is in a league of his own
What is JB’s appeal? He’s more progressive than the rest? How did that work out in 2020? Progressivism appears to be taking its last gasps for air in blue states and dying cities as Red states are ascendant and thriving. Jimmy Carter was popular in 1976 and toxic in 1980. Nobody at the time knew how good things would get for America.
Dick Simpson confuses clout with money. Pritzker’s the fat rich kid on the playground that buys the piece of gum for $10 and thinks that he made friends.
Democrats Speculate That Pritzker — The Governor Of A State That People Are Fleeing — And A Governor In The Bottom Third Of Approval Ratings Among US Governors — Could Run For President