-- 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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“… he said, urging Congress and President Donald Trump to take action.”
No, Pritzker should take action first and rein the the excessive salaries, pensions, and health care benefits.
Budgeting is the art of allocating scarce financial resources. Pritzker, having been born into the financial upper 1% of households, has no real experience of budgeting like his constituent’s families in the private sector do. To Pritzker it’s all about more taxes and fees and if that doesn’t work just borrow some more. Those borrowings’ have to be paid off but Pritzker probably can not understand that because in his billionaire lifestyle he has never had to face making a payment. The irrational edicts are killing the economy but to Pritzker, it is just another board game of Monopoly.
30 percent would be a good start. Until he gets to that number he’s just blabbing away with a pork chop in his mouth.
Pritzker do everyone in Illinois a favor will you please, worry about Illinois not the rest of the country, stop worrying about layoffs and budgets in other states. Stop saying the federal government, the federal government, be a leader handle it make you cuts in the thousands but please handle the number one problem PENSIONS. You have proven you are a spineless individual a leader not even close 2022 don’t even think about it head to Florida and get on a horse and ride off into the sunset.
But Mr Governor, your man won. Mr Biden is now our new President according to the Media.
Very good fair & balanced web-site here for those among the 70m deplorables holding the line for President Trump.
https://everylegalvote.com/country