-- 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
Finally some good news for the American blue collar worker and it took Trump to do it. I can only begin to imagine the anger Pritzker feels within himself over this and hope he and the union don’t align themselves in a manner to get involved and mess things up.
We’ll see. Stellantis has more unsold inventory than any other car company. They can’t sell the cars they have but they’re going to retool Belvideere to build a new mid-size pick up? LOL
So President Trump accomplishes in two days what JB the Hutt couldn’t get done in months?
#Winning
#PritzkerSucks
Alternative headline: Trump gets what Pritzker promised but failed to deliver.
Trump hasn’t gotten anything yet, at least as it pertains to Stellantis manufacturing vehicles in Illinois. The promise from Stellantis is 2 years out. There aren’t many details on the mid-size pick-up truck, which doesn’t even exist yet, that is to be built there. A lot will happen in the next 2 years in the auto industry world-wide and most of that is not good. I’ll be surprised if anything ever gets built in Belvidere again. I remember in Trump’s first term he was at the groundbreaking ceremony in Wisconsin for Foxconn. Trump hailed that as the 8th wonder of… Read more »