-- 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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Pritzker’s skin parasite slithers out from between JB’s sweaty fatfolds to give the bad news that Illinois just doesn’t have enough money to cover the prolific largess and the only solution is to raise more taxes. Miller will then slide back into the fatty goo, nibble on some pork rind crumbs that he found, await his masters next press release and dream of the White House. Following Kamala like a lapdog, lots of good things to eat will end up in JB’s triple chins and navel for Miller to gorge himself.
(My ad hominum post of the day.)… Well Governor you say not enough money for so many things but plenty of money to attract, house and feed illegal immigrants. It seems some illegalities are more equal than others under your Governorship.
Everything matters more to him than the people! unless they are illegals