-- 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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My prediction is a 75% D to 25% R map for all federal and state office with gerrymandered districts running a 100 miles long. They’ll try to pass through an 82%D to 18%R map but receive some blow back with the eventual 75/25 map being approved. The Supreme Court said gerrymandering is a partisan issue for the state legislatures not a Supreme Court issue to resolve.