-- 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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Not surprised in the least by these results, IL has been solidly blue for a couple decades. As soon as we can put our retirement plans back on track, we’ll be leaving this hellhole.
The headline is not accurate. Cook county and the collar counties are as blue as it gets. The rest of the state except for Jo Davies and near St Louis is solid red.
Cook and the collar counties make up 2/3 of the electorate. Most of the other counties simply don’t amount to much in terms of voting. It doesn’t matter that large land mass with few voters vote red. The total population makes it deep blue. Illinois is deep blue. I’ve been saying that on this site for a long time. It’s time people accept this reality and try to elect the best possible/likely to win candidate. Until the ILGOP starts electing candidates that are competitive in the general, Illinois will be a one party state. Maybe a guy at the top… Read more »
If we did not make gains this time around with the economy and crime on the radar it is not a good sign that any normal candidate can win. Dupage County will be one of the worst. Lake and Kane as well. With Amendment One having passed, there will be an exodus of more normal people leaving the state, which will make it harder to elect a “conservative” in the future. We cannot vote our way out of this.
No conservatives won statewide offices in blue states this election; and no red states elected blue state wide office holders other than Kansas. The world’s most perfect Republican candidate could be on the ballot in IL, and now, after last night election, there’s nearly 0% chance they could ever win. Dr. Oz lost to a guy with a stroke who could barely talk. But voters didn’t care – all that mattered was the D next to their name. I don’t buy the ‘bad candidates are unelectable’ because otherwise the stroke victim – a CLEARLY TERRIBLE CANDIDATE – won resoundingly. Candidate… Read more »