-- 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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Since Miller is JB’s loyal, dumb and parroting mouthpiece then apparently Pritzker is saying: “Nothing to see here. Move along. Torturing and maiming citizenry is the birthright of IL Democrat Politicians. Expect more of the same and just shaddayp youze chumbolones.” Thus the tapeworm has slithered out of the fat folds and has spoken.
Miller trying to gain sympathy for Burke because it was an “old and dear friend” who’s daughter didn’t get a gig. I’m sure to a political hack like Miller it’s okay to use your position to threaten an institution like the Field Museum. Many of us view it as the extortion that it is. I hope Burke rots on his cot in Club Fed.