-- 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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The way you limit them is vote the Ds out. Then pass real legislation to help this state.
Good luck with that. The new maps make the legislature D+10 in nearly every seat and creates 6 new districts with D+ leanings with no incumbent for the sole purpose of making sure 6 Republicans lose their seats. We’d need a R+25 environment (to overcome the already D+ bias in IL) for any of these safe seats to flip. Voters in Nov would need to go crazy town and just vote straight R down ballot in record numbers and I just dont see that happening in IL. It will be a close for Irvin in Nov if he actually wins.
It’s long PAST time for the governor to relinquish his dictatorial powers.
LONG PAST.