-- 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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The irony is, most of Illinois taxpayers money is not even staying in Illinois. Almost all of the solar developers are from other states. There workers are from other states. It doesn’t even help very many Illinoisans with the, so-called, good paying jobs.
What a croc. No one– not even greenies- claim renewable energy is cheaper than fossil fuel energy. And he has signed at least five energy related bills since he has been Gov and not once have rates for anyone gone down. It is just incredible how the medial lets him get away with these whoppers.
How much money do you have invested in this scam Pritzker, I hope this bites you in the ass someday.