-- 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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Rodney Davis is a RINO. What is the point of being a Republican if you are going to support liberal causes, like gay marriage, that are supported by Democrats, but are not supported by the conservatives that you are supposed to be representing.
This might be one of the reasons he lost.
What good is the GOP these days if these are the symbolic things they are voting for?
What a goof.