-- 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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Apparently,Ralph already got his Biden”safe smoking kit”and is high as a kite.SURPLUS?!IL residents are getting clobbered with insanely high taxes,violence running amok in our streets,murders,drugs killing people,ILLEGAL ALIENS draining our resources,MS13 setting up PROTECTED drug,human trafficking, all while fatso ignores it! Oh,lets drop the tax on groceries,one cent on the dollar,unless your on foodstamps,then YOU PAY NO TAXES!!What a joke!!!If a democrat has a plan,IT’S FOR THEM TO GET RICHER,NOT HELP THE RESIDENT’S OF ILLINOIS!!!! FJ.B.!!!!!!!STOP VOTER FRAUD!!!!!!!!
Looks like the JR can’t tell the difference between real meat and cheap bologna when they bought into Pritzker’s new budget. Oops– totally forgot to even mention the money raining down on Springfield from Washington. And the tax relief– just a bunch of crumbs that will have no material benefit for anyone in the state. Just like in most place in the US today, inept media coverage is the real problem because it let’s politicians like Pritzker get away with gimmicks, buzzwords and puffery.