-- 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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I always wonder what the new addministation has on sister Penny when this knuckle head spouts off this nonsense.
So maybe I’ve missed something, but I have not heard one word from Newson, Hochul or Whitmer on what Trump is doing with the Government at this time no TV comments or interviews all I keep hearing is Pritzker’s mouth going off, could it be possible that Pritzker is not realizing he is becoming the Democrats fall guy and he is completely disposable and naive to what is happening around him.
Hopefully JB takes a 3 hour tour on the S.S. Minnow.
This is all political theater from Pritzker to trumpet himself as the most progressive politician in America. All toward the Pritzker For President 2028 Campaign. The destruction of Illinois is simply collateral damage toward his noble goal. Right now JB is convinced that he is the Democrat frontrunner for 2028. His dream must seem so close that he can hardly fail to grasp it……tomorrow he will run faster, stretch out his arms farther. . . . and one fine morning……
“America is All In” advocacy group. Sounds like a line item in the USAID budget.