-- 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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Russ Stewart’s August 8 column suggests he’d run in the 17th congressional district.
That map, to the extent that it is even close to the final map, is absolutely ridiculous. there’s nothing worse politically than being a red voter in a blue state. we are at least, at least 42% of the population, and yet we have zero control anywhere, and are gerrymandered out of existence. That 14-3 map would be shameless, they might as well just make it 17D-0R and not even bother giving Republicans any seats whatsoever, and there is nothing any of us can do about it.