-- 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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This is quite, as the kids these day say, the ‘blackpill’ when GOP candidates are struggling for cash for the incumbent billionaire self-funds his entire campaign just off the interest on one of his secret and undisclosed off-shore bank accounts. If history has shown us anything, it’s that sometimes a bad leader comes to power, and there’s no way to remove them from power.
Heidner is nothing more than a working spoiler for Pritzker and nothing else, Pritzker is such a M?
I see by TV adds Pritzker started another PACs group.
Dabrowski is the only candidate who is raising money from voters who know Illinois is in desperate need of new leadership. The others think they should be able to buy whatever it is they want.