-- 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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“This ain’t Arkansas Gov. Bill Clinton running for president. Arkansas could’ve slid off a cliff and nobody would’ve cared, because it was mostly already there.”
Isn’t Illinois already “there”?
Nothing but power hungry from way back to the Blago days. IF he was somehow able to buy a Senator seat what policies could he have implemented? None without Congress behind him. Now look at what he accomplished being a governor. Trans rights for bathrooms almost from day one. Raising gas/plate fee and other taxes soon after. How many voters knew what he was going to do after he was a governor vs what he promised he would do before in his campaign? This is true for most pols. We have no idea except maybe a few insiders what they… Read more »
Pritzker will ruin America if he’s president.
Jumbo is only kidding himself.
This bum cares about himself and no one else.