-- 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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With all the lawyers in the State house why have not one of them filed anything to put Pritzkers illegal EO’s under court scrutiny?
Many are outside of his authority.
The problem in Illinois is that the GOP/ Republicans are weak.
Because they’ve been gerrymandered out of existence. We are over 40% of the state but have less than 33% of the influence.
It’s one party rule in this disaster of a state. Or maybe it’s a progressive utopia. Or both.