-- 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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Will JB side with BJ to worsen Chicago’s debt crisis? Before you respond, ask yourself whether JB or BJ has been a good steward of taxpayer money. OK, your three seconds are up.
I hope JB does side with Johnson as doing so would be be a very big torpedo to be used against him on his Presidential run.
It really depends an how much hate Banjo and his racist diatribe piss people off if gub chub wants to help him out
JB still has 1-1/2 months to decide to veto or not veto? Will DC Reps “One Big Beautiful Bill” be signed by then with GIANT +$40gs SALT cap lift to give JB (Martwick, Brando & machine ghouls) cover to NOT veto and shaft taxpayer chumbolones?