-- Connecting the dots between our economy, government and business --
Democratic state Comptroller Susana Mendoza and state Treasurer Michael Frerichs are facing challenges from Republicans Shannon Teresi and Tom Demmer and Libertarians Deirdre McCloskey and Preston Nelson.
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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I get mailers in the mail every day. I hold them up for my son to look at while I block all the letters on the mailer except for the candidates’ faces. I ask my son “is this is a democrat or a republican”. He answers correctly every time just based on the way the person looks.