-- 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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What a loser, can’t even win at being the worst.
Cannot wait for the 2020 list of the worst governors to come out, bet ya who is No.1 here is a clue science!
Metrics?
Our grapevine says Madigan has a poll showing JB with horrible numbers and is using that, with some success, to win enough votes to have a fighting chance to get reelected as Speaker. His argument is “without me, Dems in IL will collapse….”
Madigan for some reason thinks he is irreplaceable and the state can’t survive without him.
The state isn’t going to survive with him, either
Polls are garbage these days. In my neck of the woods (chicago suburbs) he’s as popular as ever. People keep saying that he’s keeping us safe. I hear 100x more TDS than I hear JBDS. It’s pretty rare I hear an anti-JB comment though. Obviously I think he’s an oligarch with awful ideas. In a different day and age, he’d be a minor count of a small duchy and have a reputation for horrible cruelty but that’s neither here nor there.
#3? That will only encourage her to try harder.
She deserves a higher honor in this tally.
What a rogues gallery of totalatarian, hypocritical morons. And every one of them a Democrat.
But for us, she is #1!