-- 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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Nasty little attempt to smear Illinois Rep. Darren Bailey at the end of this article. Typical of the hyper biased press. But they do say: “These efforts may not be popular in Chicago, but in Clay County where he was elected it’s a much different political landscape”. Exactly.
Exactly right. Lots of articles like that on this. Press has no shame catering to the ad hominem thinkers.
One can only hope that it works out.
Pritzker and his do as I say not as I do.
He sent his wife and kids to their 12 million dollar residence in Florida.
Probably on the dime of Illinois citizens–Oh I forgot there are no toilet at their Chicago mansion