-- 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 Pritzker wants to be President of the USA! He cannot comprehend what a balanced budget really is. His own family (Hyatt Hotels ) never hired him and I often wonder why Illinois voters hired him! His tenure in office has further trashed Illinois. I suppose we should not overlook his successes in the increased revenues from gambling and marijuana sales. Recent comments have surfaced regarding legalizing prostitution in Illinois! This is leadership?
He fits the progressive agenda……..not good
This is what I have been saying along. Wire Points censors me for it.
The whole thing is a joke. Mr Bungles our
Governor, I use the title loosely, finds tens upon tens of millions of dollars for illegal
Aliens, people who have lived and paid taxes for years get the back of the hand across the mouth. When are they going to say enough.
Zippy made sure the union got theirs but again, tax paying citizens, Go Fish!
At some point you got to ask yourselves
What the hell are we indentured servants
Living by the leave of Mr Bungles and Zippy?
Thank you for the scraps may we have more
Please!