-- Connecting the dots between our economy, government and business --
“Elon’s secret servants are asking millions of federal employees to give up their legal rights, agree to a vague severance, and just hope for the best – it’s insulting,” Pritzker said in an emailed statement on Wednesday. “I urge federal employees who live or work in Illinois to proceed with caution.” The federal government is the second largest single employer in Illinois behind the state’s government. Illinois is also the second-largest employer of federal workers in the Midwest.
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
“The federal government is the second largest single employer in Illinois behind the state’s government. Illinois is also the second-largest employer of federal workers in the Midwest.”
Translation: Government is the single largest employer in Illinois. This is a recipe for disaster. This violates the leftist tenet of ‘sustainability’ with aplomb.
With private employers leaving Illinois in droves, JB the Hutt wants to keep dollars from Uncle Fed rolling in by any means necessary.
Pritzger is chafing at the idea of the jobs he created to garner votes are going away.
This guy is a joke, an obese inherited billionaire giving career advice to federal workers LOL
Has Pritzker ever sided or spoken up for the Illinois taxpayer? I can’t think of one time where he’s spoken up.
Hallmark of third world societies: government is the largest employer.
Fred Flintstone in shoes probably has done a ton of research on the pro’s and con’s of the buy out offer. Why else would he feel empowered to comment on Federal employees choices while his own state employees are so many and so unproductive.
Keep going Pritzker do you not pay attention to what is going on around the country, take a hint start cutting in Illinois stop your ludicrous spending binge you are just putting the last few nails in your coffin. Take your losses and move on Pritzker the people in Illinois deserve better than you and your goons in Springfield.