-- 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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Governor Pritzker is as disconnected as his toilets on this one.
Pritzker will ignore this court order for as long as possible to obtain as much national media spotlight as possible. He wants to show what a liberal resistance fighter that he is. After all, he is dumb enough to already see himself as a presidential candidate. He already bought a Governorship so why not and try to buy a Presidency?
Let him do it. Let him spend a billion dollars in three months like Mike Bloomberg. Who is that guy again? Oh that’s right, the guy that spent a billion dollars in three months on commercials and bombed out in his first couple of primaries. The presidency is not easy to buy. Money gets you on the stage but only in IL will it buy votes.
Hope the churches win.
looks like the powers that be in the Federal government are taking a look at the jabbas power grab….just because there is a virus doesn’t mean people lose their rights. Jabba has yet to figure that out. I’m hoping the churches win, then sue the state of IL, the city of chicago, and Jabba and Lightfoot personally.
Hopefully a positive sign of a much needed “check” on Jabba’s perceived gubernatorial powers…