-- 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
Cede the land and river to Indiana or the Feds if he does not want to protect it. The moronic governor clearly can’t comprehend the danger to one of the greatest natural resources the country has.
When those fish make it into the lake, which they will because the Governor is a child, Pritzker will be responsible for the ecological change and impact that will never be repaired. All for the glorification of the fat man’s ego and political gain. Pathetic. Indeed – where are the adults.
Could the Pritzker admin be more of a sheet show!? So much bloviating and emphasis on ‘resisting’. Guess the partner MI can go pound sand also. Where are the adults!? Certainly not in Pritzker’s office.