-- 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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I accidentally clicked this article, only to become aware it was a Rich Miller article. I don’t read his propaganda.
JB is so in love with himself, it has to be killing him that the rest of the country repudiated all the political policies he espouses. He desperately wants to be a player on the national stage, but he’s going to be relegated to Illinois. Take a seat Happy Warrior. As for Durbin, his incompetence and greed know no limits. They’ll carry him out of his office feet first. He wouldn’t have it any other way.
Same ole cat and mouse game by Pritzker, I have to sit down and talk with my family etc etc etc, Pritzker your so power hungry, just say your going to run again, there’s nothing in Washington for you now since your idol Biden the is out the door. Stratton for governor OMG.