-- 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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“Harmon: I think that the current maps are remarkably fair. If you look at the election results, for instance, I think [former GOP Gov.] Bruce Rauner won 37 of the 59 Senate districts in his gubernatorial race. Clearly, voters express their preferences for the best candidate in any given race, and we’re willing to compete for the hearts and votes of people based on our ideas and our ideals.” What a completely dishonest statement. Democrats hold 41 Senate seats, and Republicans hold 18 Senate seats…even though in a statewide race, Rauner won 37 of the 59. So clearly, yes, very… Read more »