-- 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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https://ballotpedia.org/Thaddeus_Jones The only year he’s ever had a general election opponent was 2010, and it was a green party candidate, and he defeated the opposition 83% to 17%. Since elected,he’s never had a general election opponent. He had no primary opponents in 2012, 2014. He had a three way primary in 2016 he won 65%, in 2018 he won 65% in a two way primary race, but 2020 gave him a run for his money, and he defeated his primary opponent 54 to 46. ALWAYS VOTE BLUE, NO MATTER WHO!! And we wonder why these guys go corrupt. The complaint,… Read more »
Oh my! Another Illinois Legislator(D) who will be convicted for they/them/their crimes of corruption.