-- 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 joke all this districting stuff is and has been. In my area there is as congressional district that goes from the Mississippi River, state line with Iowa, east into the Rockford area, a thin little strip of district that winds around like a slinky. Another district goes from the Champaign/Urbana area all the way north to the Wisconsin border again weaving and dodging in a frantic pattern of a district that looks like a blindfolded monkey drew it. The whole process is a joke.
And how they get away with the election fraud. Wake up Illinois