-- 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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County clerks in the blue areas of these districts are laughing hysterically…..mocking the Republicans, who naively believe their ‘votes’ are somehow, someway, going to win them two ILSC seats in Nov… They honestly believe that Republicans are an existential threat to Democracy. Well, their idea of Democracy which means abortion on demand, lucrative pensions, sanctuary state status, criminal haven…. And if you, as a Democrat responsible for counting votes, honestly believed that a republican ILSC would be an existential threat to Democracy, wouldn’t you too do WHATEVER it takes to save Democracy? Wouldn’t you too destroy Democracy in order to… Read more »