-- 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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And still can’t afford his real estate taxes
Forget his income… What is his net worth… That will illustrate his inability and disinterest to really understand what life is like for non-hundred millionaires (if not billionaire)…
Hmmmm….I’ve often wondered why a billionaire would spend multiple millions of dollars for a job that pays 177k/ yr? Oh that’s right, public service!
Power
“Pritzker’s campaign has declined to release tax documents related to trusts where much of the governor’s wealth is held.”
Yet these same people screamed for 5 years that Trump wouldn’t release his returns.