-- 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 Democrats exchanged this one blue district for small portions of many red districts and precincts. They were willing to throw away a Black female state rep to increase the odds of gaining a few Dem state reps up north. It worked…to Greenwood’s detriment.
The concerns of gerrymandering leading directly to her loss fall flat. Are you gonna give Mazzochi her district back, because she could make the same claim.
Everything worked a little too well to be honest.