-- 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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Convenient that legislators have schedule possible day to return a couple days after deadline to file fair maps amendment or any orher amendment
“These rulings have basically determined that only Illinois legislators can change how the state’s legislative maps are decided. ” Relying on politicians in a super-majority legislature to redistrict their own voters is like asking a pensioner with a lavish pension to give up a little bit to feed the sick, starving children of the state! Ain’t never going to happen! The state owes hundreds of millions of dollars to hospitals treating sick children and indigent people, but, pensioners demand their money instead! Because they earned it 40 years ago when they started working for the state! Those sick children didn’t… Read more »