-- 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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Chinese politics from the backers of a Chinese EV battery plant.
The majority of the Village council wants Gotion. When things happen to opponents of Gotion, that Village council is going to get blamed. It’s just how it works. The more they deny, it just makes them look desperate. If they are behind this, it really is petty, but that’s typical of politicians.
This is now a red hot controversy in Manteno, with many people there smoking mad about the suspected retaliation and free speech issues.
As well they should be.
Remember Pritzker is the leader pushing it!
LEADER?????? AND JP should not appear in the same sentence