-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Need federal intervention on ALL states, start with 1 rule – must be done by county.
Pritzker didn’t expect national attention for IL unfair, gerrymandered districts in IL. Maybe now the RNC will send help to the constituents of IL. IL needs quality candidates to run and financial help to fight Pritzker.
Its great. The Texas gerrymandering debacle has opened up the nation’s eyes to what a corrupt hellhole Illinois is
Ruh Roh. The Pritzker for President 2028 Campaign won’t like such sunshine. They will need to spend more of JB’s $3.7B to purchase positive propaganda.