-- 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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JB is the kid who plays with the plastic bag marked, “Not a toy”… Only, he is putting it over OTHER’S heads.
And, again, vote’s have consequences… While hard-hearted, there is a bit of karmic justice in this…
I wonder if the suburban mayors are now going to tell pritzker to fu** off, just like the other mayors in Illinois are doing…
Just remember these are not legal. No matter what he says.
Pritzker, bully that he is, will now be in his punishment role because the voters declined his new tax scheme. Like the little boy who grabs his toys and then runs home from the children’s so that no one can else can play with them is an example of how the future will now be in Illinois with Pritzker at the helm.
This is DESIGNED to basically cancel the holidays as still too many are brainwashed and will sheepily-follow-along.
I shudder to think if some law enforcement outfits will actually patrol this red-shirt style.
More Commie transformation moves from the Chubby Gubby,
Forget this nonsense! dont listen! 71million people are saying enough