-- 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 machine is the the part of the cycle where it must convince the people that they are not the machine. The people are dumb because they created the machine and voted for it every year. The machine is smarter than the people in Illinois.
The link to articale is messed up, links to something else
They have a supermajority. This is not a revolt. What is wrong with people???
It is funny. Illinois taxpayers have voted to not raise their taxes while at the same time voting for politicians that want to raise their taxes. The election only demonstrates the intelligence of the Illinois voter.
Perhaps the actual citizens of Illinois will have a voice and not the effing unions.