-- 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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Keep those immigrants coming as Pritzker needs the numbers for his headlines. heaven forbid Pritzker’s Presidential aspirations be clouded by a State that has people moving out to escape Pritzker’s policies.
The problem is they never ask if people are leaving because of high taxes. Just because you leave a high tax state does not mean you are leaving due to taxes.
Pritzker’s mantra when it comes to residents leaving Illinois is deny, deny, deny. It’s ridiculous of course, but CBS, NBC, WLS and WGN lap it up. Those so called journalists from Northwestern are a joke.