-- 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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The free stuff army in Illinois, that grows day by day, have the votes to assure the Kings re-election. You can count on it unless the usual apethetic voters finally wake uop and vote and that will never happen. It is Illinois and that’s just how it is.
The only way Porky wins again is by adopting Biden’s vote stealing! What has he accomplished for regular people who work to support their family and loved one’s? Nothing!
Good Godfrey, I hope so!
Freddie Pritzker a one term Gov?
Yes it will happen.
Sure is the hell hope so.
We can only hope he is gone!