-- 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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Fortunately for JB, no one cares what Illinois says.
Hoes does Illinois have one of the best systems in the country. Rep. Mary Flowers is a sponsor and co- sponsor on bills that would like to address the very high mother and infant mortality rates among African-American women which is more than 2.5 times other ethnic groups. I contacted her office about possible and very cost effective measures that would reduce those numbers. The aide in her Chicago office I spoke to was very interested and will look into but never heard back or received an email back. Low Vitamin D3 levels- lack of Omega 3’s-folate-magnesium-probiotics- before/during/and after pregnancy… Read more »
What will go down in history is how an overfed trust fund baby bought the governorship of a floundering state, with the predicted results.
This, from the Governor that wants us to believe that taxing an already overtaxed portion of our citizenry, so that he’ll get an additional $3.4 Billion, is a good idea because he’ll be able to spend lots of money on new-stuff, even though he’s starting out with $7+ Billion in bills that he can’t pay today.
Governor Tax Cheat – Would rather talk about “Orange Man Bad” than the reality of his relentless advocacy on behalf of policies that will only make Illinois’ bankruptcy of governance and finances worse.
This from a Gov who thought removing toilets to cheat on his taxes was an ethical thing to do.
Perfect storm and the worst time ever to have both a new mayor of Chicago and a new governor who have absolutely no idea how to actually govern a state or a big city. Looks like on the job training is going to cost us our state and city. Yeah….hurry up and try to blame the President you two feeble minded SJW who got in because one had enough cash to purchase his seat and the other had all the right boxes to check off. No governing experience at all. They are so far over their heads that we the… Read more »
Can we please suspend the ban on profanity?
Blame anyone else
No a profound failure of Illinois you Pritzker