-- 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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There is no level of deceit that JB the Hutt wouldn’t sink to. The tax base is fleeing the state, leaving only those who can’t let go of their home state. The Chicago Access Media (CAM) have been so cucked into submission, that criticism of any government official is strictly limited to Ron DeSantis or President Trump. JB the Hutt is heralded as an auteur of good government by the complicit CAM. The state is spiraling around the drain while JB the Hutt emits gas bubbles into the dwindling water, calls the sink a spa and the CAM stenographers regurgitate… Read more »
Pritzker has no problem telling any lie — that’s how his crooked family became experts at offshore tax evasion fraud.
https://www.forbes.com/sites/janetnovack/2013/05/02/pritzker-family-baggage-tax-saving-offshore-trusts/
The only business anyone should get into is the U-Haul truck rental business. People are fleeing at an increasing rate. Soon the numbers will be so high that even greedy government workers will see they have killed the golden goose.
State of Denial!?
State of Intoxication is a much more appropriate way to put it…