-- 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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Our current pols need to stop spreading Marxist conspiracy theories of systemic racism. All this has accomplished is give every POC in the United States a victim complex upon which they believe they are entitled to remedies. It’s managed decline of society. We’ve been infiltrated by communists.
Jabba should keep an eye on the number of people leaving this state. His social justice warrior BS is a big contributing factor. Hold unethical police accountable, but to constantly demean law enforcement and insinuate everyone behind bars was innocent is a load of garbage.
Pritzker knows better (he is a smart politician), but he appears more keen on reciting DNC talking points than doing what’s right. Illinois suffers because of it, but it appears most citizens are fine with that. So there is no accountability for Pritzker. I guess after the ill gotten gain of the bailout, he has favors to pay. I’m sure Pritzker, like nearly all Democrats, looks to personally enrich his family from the bailout. It’s what Biden will do.